Forex Broker Reviews & Ratings

Forex Trendy Review

Forex Trendy ReviewForex Trendy Trading Review

 

Trading System Name: Forex Trendy

System Type: Trend Scanner

Delivery: E-mail & Sound Forex Alerts

Platforms: MetaTrader / NinjaTrader / TradeStation

Price: $37 (3-month subscription)

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Forex Trendy Basic Information

Forex Trendy is a solution for those traders that are focusing on the best time to trade Forex. Without using indicators to identify the master trend, Forex Trendy is based on market action. The Forex Trendy is able to scan 34 currency pairs on multiple time frames that are ranged between 1 minute and 1 month. Forex Trendy is able to determine the master trend by identifying new chart patterns when they occur. It monitors instantly all available time frames and recognizing pattern break-outs. This is when sound alerts are generated. The system can be adapted to most popular trading platforms such as MetaTrader, TradeStation, and NinjaTrader.

Forex Trendy Package

Read more: Forex Trendy Review

EUR/USD -REPORT & TECHNICAL ANALYSIS

EUR/USD

Trading Hours: Sunday 22:05 (GMT) to Friday 21:50 (GMT)

Sessions Overlap:

EUR/USD is one of the most popular Forex pairs in the world. The base currency is the European Euro (EUR), and the counter currency is the US Dollar (USD). EUR/USD is the most liquid currency pair and therefore the trading spreads are the tightest in the market. EUR/USD narrow spreads attract day-traders and especially scalpers. 

Compare Fx Brokers Spread & Slippage on EUR/USD

•SPREAD

1.5 pip

3.0 pip

1.5 pip

1.0 pip

•COMMISSIONS

NO

NO

NO

2.0 pip

•SLIPPAGE

0.5 pip

2.0 pip

0.6 pip

1.6 pip

•LEVERAGE

888:1

200:1

100:1

100:1

•EXECUTION

STP BROKER

MARKET MAKER

STP BROKER

ECN BROKER

•BROKER

XEMARKETS AVATRADE HOTFOREX FXCC

•INFORMATION

 

License: FSA UK, BAFIN

US: NO

Min Deposit: 100 USD

Bonus: 30-100%

License: ASIC, CBI

US: NO

Min Deposit: 200 USD

Bonus: 50%

License: FSA UK, BAFIN

US: NO

Min Deposit: 50 USD

Bonus: 100%

License: FSA UK, CySEC

US: NO

Min Deposit: 100 USD

Bonus: 100%

» XEMARKETS

» AVATRADE

» HOTFOREX

» FXCC

The following two automated systems are specialized in trading EURUSD.

EURUSD Forex Robots: » Forex Megadroid Robot » Million Dollar Pips Robot

 

Historic EUR/USD MT4 Chart

EUR/USD Metatrader4 Chart 1998-2012

Eurusd Mt4

 

Historic EUR/USD Line Chart & TCI Chart

In the following chart we may observe the correlations between the course of EURUSD and the historic indications of TCI. Learn here about »what is TCI. It is obvious that when TCI values are found in the range between TCI=+10 and TCI=+15%%, then TCI is indicating overbought market levels for EURUSD. From the other hand when TCI reaches the range between TCI=-10% and TCI=-15% then it indicates that the market is oversold. Quick reactions and clear reversals of EURUSD are the outcome of these extreme TCI levels.

Eur Usd Forecast

Compare Economies:

EUROZONE Vs US ECONOMY 

MACROECONOMIC FACTOR  FREQUENCY EUROZONE USA
•BASIC
GDP (USD Billion) Yearly 13,075 15,094
POPULATION (Million) Yearly 332.9 311.6
UNEMPLOYMENT Monthly 11.90% 7.70%
INFLATION Monthly 1.80% 2.00%
•MONEY
INTEREST RATE Monthly 0.25% 0.25%
FOREIGN RESERVES (USD Billion) Monthly 337.6 151.9
GOVERNMENT   
GOVERNMENT DEBT TO GDP Yearly 93.10% 101.60%
•ECONOMY
BALANCE OF TRADE (USD Million) Monthly -3,047 -44,448
CURRENT ACCOUNT (USD Million) Monthly -3,488 -110,416
BUSINESS CONFIDENCE Monthly -0.86 2.5

 Source: IMF

EUR/USD History:

The US economy is the largest in the world while Eurozone is the second place. The most important members of Eurozone are Germany, France, Italy and Spain.

As concerns the monetary policy of these two economies, we could say that the US FED is much more flexible aiming mainly on growth while the European ECB is aiming more on facing inflationary concerns. That explain why the interest rate in Eurozone is usually higher than the USD interest rate 

US INTEREST RATES

USD & the 10-year US Treasury Bill 

In the following chart we may see the historic correlation between the US Dollar and the 10-Year US Treasury Bill.

USD BOND CORRELATION 

Find more »Forex Trading Tips | »Fx Market Statistics | »Choosing Fx Pros | »Forex Trading Guide |  »Forex FAQ for Traders

Forex Reviews:  »XEMarkets | »RoboForex | »Dukascopy

 

Forex Pair: EUR/USD

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Forex Systems Reviews

Review Trading Systems:

» Forex Trendy

» TradeMiner Review

» Forex X Code

Review Expert Advisors:

» EA Builder (Custom EAs)

» Volatility Factor

Review Fx Signal Providers:

» MBFX System

» Traders Elite

Historic Forex Statistics:

» Market Volatility

» EUR/USD

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