Euro Forex Trade Idea: How to Profit From The Long-Term Bullish Trend
VolatilityMarkets recommends top quant trade ideas to capitalize on moving markets.
Price
EURUSD's last price was € 1.087321.
Trend analysis
In the short term, Euro has been accelerating higher. In the long term, Euro has been accelerating higher.
Value analysis
Over the past 20 days, the EURUSD price increased by 15 days and decreased by 5 days.
For every up day, there were 0.33 down days.
The average return on days where the price increased is 0.3482%.
The average return on days where the price decreased is -0.6354%.
Performance
Over the past 20 Days, the price has increased by 2.03% percent.
Over the past 20 days, the average return per day has been 0.1015% percent.
Trade idea
Given that the long-term trend is stronger, we advise a long trade with an overnight time horizon.
Quant trade idea
Buy EUR 428,602, or 4.29 lots of Euro, take a profit at € 1.0899 with a 50.05% chance of a EUR 998 gain, stop out at € 1.0848 with a 49.99% chance of a EUR 1,000 loss over an overnight time horizon.
EUR/USD trend analysis
The last price of EURUSD was € 1.087321. The long-term trend that is accelerating is stronger than the short-term trend that is accelerating. This trade is entered when the price has been going higher and faster during the last 20 days.
EUR/USD value analysis
The EURUSD price has grown 15 days and declined 5 days in the last 20 days. There were 0.33 down days for every up day. On days when the price climbed, the average return is 0.3482%. The average return on price decline days is -0.6354%. The price has climbed by 2.03% in the last 20 days. The average return every day over the last 20 days has been 0.1015% percent.
EUR/USD worst/best case scenario analysis
For one week, our worst-case scenario, in which we are 95% positive that this level will not trade for EURUSD, is € 1.079929, while our best-case scenario is € 1.094713. Levels outside of this range are unlikely to trade but are still feasible. We are 50% convinced that € 1.0848 will trade and 50% confident that € 1.0899 will trade. These amounts are statistically probable.
Expected range
For one week, our worst-case scenario, in which we are 95% positive that this level will not trade for EURUSD, is € 1.079929, while our best-case scenario is € 1.094713. Levels outside of this range are unlikely to be traded, although they are still feasible. We are 50% convinced that € 1.0848 will trade and 50% confident that € 1.0899 will trade. These amounts are statistically probable.
Key Takeaways:
- Price Today € 1.087321.
- Over the past 20 days, the EURUSD price increased by 15 days and decreased by 5 Days.
- For every up day, there were 0.33 down days.
- The average return on days where the price increased is 0.3482%.
- The average return on days where the price decreased is -0.6354%.
- Over the past 20 Days, the price has increased by 2.03% percent.
- Over the past 20 days, the average return per day has been 0.1015% percent.
- Over the past 20 days, The price has on average been accelerating: 1.0768 pips per day higher.
- Over the last session, the price increased by 30.46 pips.
- Over the last session, the price increased by 0.2801 %.
- Over the last session, the price accelerated by 26.56 pips.