EURUSD ANALYSIS
The European Currency against the United States Dollar (€/$) –Nickname ‘Fiber’
|
CENTRAL BANK |
ECB |
FED |
|
FOREIGN CURRENCY RESERVES |
51.373 Million USD |
41.901 Million USD |
◙ EURUSD Preface:
EURUSD is the most liquid pair worldwide. Almost all Forex brokers offer EURUSD at their lowest available spreads (Bid/Ask) and that makes this pair ideal for Forex scalping and algorithmic trading. Additionally, there are many Expert Advisors that trade exclusively EURUSD. Historically, EURUSD is fluctuating in a general range between €/$=0.80 and €/$=1.60. In addition, there is a positive historic correlation between EURUSD and GBPUSD. On the other hand, there is a negative correlation between EURUSD and USDCHF.
◙ EURUSD Monthly Statistics:
These are the monthly average returns of EURUSD based on 15 years of daily data.
|
CALENDAR MONTH |
AVERAGE MONTHLY RETURNS |
TIMES (↑) |
TIMES (↓) |
AVERAGE DAILY VOLATILITY |
|
JANUARY |
-0.91% |
6 |
9 |
0.899% |
|
FEBRUARY |
-0.13% |
8 |
7 |
0.847% |
|
MARCH |
0.26% |
7 |
8 |
0.833% |
|
APRIL |
0.76% |
8 |
7 |
0.802% |
|
MAY |
-0.64% |
6 |
9 |
0.884% |
|
JUNE |
0.65% |
10 |
5 |
0.847% |
|
JULY |
-0.04% |
6 |
9 |
0.780% |
|
AUGUST |
-0.50% |
8 |
7 |
0.777% |
|
SEPTEMBER |
0.63% |
8 |
7 |
0.865% |
|
OCTOBER |
-0.55% |
7 |
8 |
0.871% |
|
NOVEMBER |
0.48% |
8 |
7 |
0.869% |
|
DECEMBER |
1.69% |
9 |
6 |
0.786% |
◙ Best Months to Trade the EURUSD:
(↑)-LONG TRADES
According to data during 2000-2014, the best months to go long on EURUSD are:
→ DECEMBER, with positive average returns of +1.69%
→ APRIL, with positive average returns of +0.76%
→ JUNE, with positive average returns +0.65%
→ SEPTEMBER, with positive average returns of +0.63%
(↓)-SHORT TRADES
According to 2000-2014 data the best months to go short on EURUSD are:
→ JANUARY, with negative average returns -0.91%
→ MAY, with negative average returns -0.64%
→ OCTOBER, with negative average returns -0.55%
→ AUGUST, with negative average returns -0.50%
◙ EURUSD Monthly Statistics Chart:
This is the EURUSD Monthly Performance Chart.
Chart: EURUSD Average Returns (%) per Calendar Month
Explanation:
-The Blue Line corresponds to the average EURUSD returns for each calendar month.
-The Green Line corresponds to the number of Bullish (↑) and Bearish (↓) calendar months: For drawing the Green Line, the following formula was applied:
- {(Number of Bullish Months – Number of Bearish Months) / Total Number of Periods} / 100
◙ Most Volatile Days of the Week to Trade the EURUSD
These are the most volatile days to trade EURUSD based on the average pip range of each day of the week.
|
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
|
110 pips |
140 pips |
135 pips |
145 pips |
140 pips |
◙ Best Intraday Times to Trade the EURUSD:
The best time to trade EURUSD is when London and New York are open simultaneously. This overlap occurs between 13.00 GMT and 14.00 GMT or else 8.00 EST to 11 EST (Check the Forex Market Hours in the following graph).
◙ Forex Brokers and EURUSD Trading
These are some EURUSD Forex Brokers.
|
FOREX BROKER |
EURUSD SPREADS |
PLATFORMS |
ACCOUNT |
INFORMATION |
|
REGULATED BY:
US TRADERS: NO |
EURUSD SPREADS: 0.002 pip on Raw Spread Account & $7 per lot commissions 1.0 pip on Standard Account without trading commissions |
PLATFORMS: □ MetaTrader-4 □ MetaTrader-5 □ cTrader SCALPING: YES
|
$200 Minimum Account for all trading platforms FUNDING METHODS
|
Wide Asset Index and Fast Order Execution WEBSITE: |
|
» FXDD REGULATED:
US TRADERS: NO |
EURUSD SPREADS: 0.3 pip on ECN Account & $7 per lot trade commissions |
PLATFORMS: □ MetaTrader-4 □ MetaTrader-5 SCALPING: YES FREE VPS: NO PAMM ACCOUNT: YES |
$100 Minimum Deposit Amount FUNDING METHODS
|
WEBSITE:
|
PAIRS: » GBPUSD | » USDJPY | » USDCAD | » EURGBP | » EURJPY | » AUDUSD | » NZDUSD
◙ EURUSD ANALYSIS
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