Top 5 of the day 2) EUR/USD
Hello traders!
I will be introducing a new system of trading on this page from now on.
I will be proving the 5 most tradable pairs for the day everyday with some proprietary indicators' results.
Second pair for today is EUR/USD.
* Description and meaning of all my indicator numbers are given below.
EUR strength consistency 0.8958
USD strength consistency 1.2484
Expected daily targe
1 1.1241
2 1.1271
3 1.1302
Switching point 1.1201
Invalidation point 1.1152
Avg Volatility : 120
Volume % : 37.8%
*Strength consistency is a calculated value of strength for each currency. Closer the number to 0, stronger the currency.
Avg. volatility : It is the estimated high to low ratio of a currency pair calculated over some specific number of days for each currency pair.
Volume % : It is the % movement of the pair on the current day with reference to the Avg. Volatility.
Expected target is calculated based on the Avg volatility and currency volume %.
Switching point is the suggested entry price for optimum coverage
Invalidation point is the suggested S/L
Along with the signals from my indicators, there is strength in EUR across the board and this could well translate into deeper upward retracement. This trade suggestion is a continuation from yesterday and we could well see the moves happen today.
I will be introducing a new system of trading on this page from now on.
I will be proving the 5 most tradable pairs for the day everyday with some proprietary indicators' results.
Second pair for today is EUR/USD.
* Description and meaning of all my indicator numbers are given below.
EUR strength consistency 0.8958
USD strength consistency 1.2484
Expected daily targe
1 1.1241
2 1.1271
3 1.1302
Switching point 1.1201
Invalidation point 1.1152
Avg Volatility : 120
Volume % : 37.8%
*Strength consistency is a calculated value of strength for each currency. Closer the number to 0, stronger the currency.
Avg. volatility : It is the estimated high to low ratio of a currency pair calculated over some specific number of days for each currency pair.
Volume % : It is the % movement of the pair on the current day with reference to the Avg. Volatility.
Expected target is calculated based on the Avg volatility and currency volume %.
Switching point is the suggested entry price for optimum coverage
Invalidation point is the suggested S/L
Along with the signals from my indicators, there is strength in EUR across the board and this could well translate into deeper upward retracement. This trade suggestion is a continuation from yesterday and we could well see the moves happen today.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.