maccabean
Long

At what point does the EUR/USD become oversold?

FX:EURUSD   Euro Fx/U.S. Dollar
In this chart, I've included some oscillating indicators to help us decide if the EUR/USD             is oversold and make a prediction about when we can jump into the market and take a long position. I must admit that predicting the bottom carries enourmous amount of risk, but the rewards are worth the effort. Considering Draghi hasn't actually lowered the interest rate, and he could be just jaw boning the currency lower, the market will probably call his bluff (again) and we should see the price rise next week according to many analysts.

Indicators:
Stochastic RSI - Oversold. When indicator climbs back into the channel. Then buy.
CCI - Oversold. When indicator jumps back into the channel, again a buy signal. Historically oversold except for an instance in early April. In this case the price also bounced up again.
Momentum - This one is interesting and somewhat subjective. Go long when the price jumps up above the black line which represents the historical support line in the actual price chart. Historically oversold.
RSI - Oversold. Go long when the price goes back into the channel. Historically oversold.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out