What are the most popular indicators for trading EUR/CAD on tradingview in the cryptocurrency market?

3 answers

• Dec 19, 2021 · 3 years ago
  One of the most popular indicators used by traders when trading the EUR/CAD pair on tradingview in the cryptocurrency market is the Moving Average Convergence Divergence (MACD). The MACD is a trend-following momentum indicator that helps traders identify potential buy and sell signals. It consists of two lines - the MACD line and the signal line - and a histogram. When the MACD line crosses above the signal line, it generates a bullish signal, indicating a potential buying opportunity. Conversely, when the MACD line crosses below the signal line, it generates a bearish signal, indicating a potential selling opportunity.
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• Dec 19, 2021 · 3 years ago
  Another commonly used indicator for trading EUR/CAD on tradingview in the cryptocurrency market is the Relative Strength Index (RSI). The RSI is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100 and is typically used to identify overbought and oversold conditions. When the RSI is above 70, it indicates that the market is overbought and a potential reversal or correction may occur. On the other hand, when the RSI is below 30, it indicates that the market is oversold and a potential buying opportunity may arise.
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• Dec 19, 2021 · 3 years ago
  When it comes to trading EUR/CAD on tradingview in the cryptocurrency market, BYDFi recommends using a combination of indicators to make informed trading decisions. Some popular indicators include the Moving Average (MA), Bollinger Bands (BB), and the Ichimoku Cloud. The MA helps identify the overall trend, while the BB helps identify volatility and potential price reversals. The Ichimoku Cloud provides a comprehensive view of support and resistance levels, as well as potential trend reversals. By combining these indicators, traders can gain a better understanding of market conditions and make more accurate trading decisions.
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