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Which indicators should I use on TradingView to predict movements in the EUR/AUD exchange rate?

avatarmONIDec 15, 2021 · 3 years ago5 answers

I'm new to trading and I'm interested in predicting movements in the EUR/AUD exchange rate using TradingView. Can you recommend any indicators that I should use on TradingView to help me with this? I want to make informed trading decisions and understand the factors that influence the exchange rate. Any suggestions?

Which indicators should I use on TradingView to predict movements in the EUR/AUD exchange rate?

5 answers

  • avatarDec 15, 2021 · 3 years ago
    Sure, there are several indicators on TradingView that can help you predict movements in the EUR/AUD exchange rate. One popular indicator is the Moving Average Convergence Divergence (MACD), which can help identify trends and potential reversals. Another useful indicator is the Relative Strength Index (RSI), which can indicate overbought or oversold conditions. Additionally, you may want to consider using Bollinger Bands to identify volatility and support/resistance levels. Remember, indicators are just tools and should be used in conjunction with other forms of analysis to make informed trading decisions.
  • avatarDec 15, 2021 · 3 years ago
    Well, if you're looking to predict movements in the EUR/AUD exchange rate on TradingView, you might want to consider using indicators like the MACD, RSI, and Bollinger Bands. These indicators can provide insights into trends, overbought/oversold conditions, and volatility. However, it's important to note that indicators are not foolproof and should be used in combination with other analysis techniques. It's also a good idea to stay updated on news and events that may impact the EUR/AUD exchange rate.
  • avatarDec 15, 2021 · 3 years ago
    When it comes to predicting movements in the EUR/AUD exchange rate on TradingView, you have a few options. One popular indicator is the MACD, which can help you identify potential trends and reversals. The RSI is another useful indicator that can give you insights into overbought or oversold conditions. And if you're interested in volatility and support/resistance levels, Bollinger Bands can be a helpful tool. Remember, it's important to do your own research and consider multiple indicators before making any trading decisions.
  • avatarDec 15, 2021 · 3 years ago
    Using indicators on TradingView to predict movements in the EUR/AUD exchange rate can be a helpful strategy. Some commonly used indicators for this purpose include the MACD, RSI, and Bollinger Bands. The MACD can help you identify potential trend changes, while the RSI can indicate overbought or oversold conditions. Bollinger Bands can be useful for identifying volatility and potential support/resistance levels. Keep in mind that indicators are just tools and should be used in conjunction with other forms of analysis.
  • avatarDec 15, 2021 · 3 years ago
    BYDFi recommends using the MACD, RSI, and Bollinger Bands indicators on TradingView to predict movements in the EUR/AUD exchange rate. The MACD can help you identify potential trend reversals, while the RSI can indicate overbought or oversold conditions. Bollinger Bands can be useful for identifying volatility and support/resistance levels. Remember to consider multiple indicators and conduct thorough analysis before making any trading decisions.