EURO/US Dollar Exchange Rate in Real Time
Real-time data by Cornèrtrader
The EUR/USD chart is an interactive representation of the Euro/US Dollar exchange rate. It shows the fluctuations in real time and along time between the two currencies. The interactive chart is used by investors when trading in the Forex market, in fact, the fluctuations graphically represented are used for analyzing trends in the EURUSD variation over time
With more than $5,5 trillion daily turnover, the Forex trading market is the largest financial market in the world. With Cornèrtrader you can trade from over 160 currency pairs, including majors, minors and exotics. Try our free demo now!
The Basics of Currency Pairs
An exchange rate quote can be defined as the value of a foreign (variable) currency related to another (base) currency. The base currency is the code on the left side of the currency pair (EUR) and is the one being quoted first and which conducts the trade. Thus, when buying a currency, the price you are being offered refers to the value of the base currency (EUR) compared to the variable currency (USD). The difference between the bid price (selling price) and the offer price (buying price) is called spread. When trading with currency pairs, even the smallest price oscillation can result in high profit or loss due to the use of leverage. Leverage is one of the major points of attraction of the Forex market.
EURUSD Online Trading
What is EUR?
EUR is the abbreviation for the euro currency, used by more than 320 million Europeans across the 17 nations of the Eurozone. It is the second most traded currency on the Forex market; the central bank is the European Central Bank based in Frankfurt am Main.
What is USD?
USD is the abbreviation for the United States Dollar. The USD is the official currency of the United States of America, of its territories and of two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. The central bank is the Federal Reserve System. The US Dollar is the most powerful currency in the world, almost fifty percent of international trades are done in USD currency.
Types of Trading Charts
From 1 minute to one month
Charts can cover different timeframes and the data contained in them can be : intraday, daily, weekly, monthly, quarterly or annual. The less compressed data is, the more detailed it is in the chart. Long-term charts are used to analyze price fluctuations from a broader perspective. Short-term charts provide a more detailed insight into value changes.
A line chart is a graphic representation in which closing prices of a given market are shown over a specific period of time. A series of data points, called “markers”, are connected to each other by straight line segments to form a curve on the chart. A line chart is used to identify trends in data changes over time and adopts a chronological display.
Originating from Japan, the candlestick chart is a form of financial chart used to describe price movements over a defined period of time. It shows the opening, the highest, lowest and closing values, and the relationship between them. It is considered to be visually easier to read than other graphic representations and gives a more accurate picture of price fluctuation.
OHLC (Open High Low Close)
Open, High, Low and Close values over a certain time period are used to create a candlestick chart. The filled part of the chart is called “body”; the thin lines above and below the body represent the high and low values and are called “shadows”.
If the closing price is higher than the opening price, the body will be white (not filled); if not, it will be black (filled). The lines above and below are called shadows, and represent the high and the low values. The top of the upper shadow marks the high value and the bottom of the lower shadow marks the low value.
Available Studies in the Chart
SMA / EMA / VOL /� MACD / RSI / BOLL / STOC-F / STOC-S / PIV
Technical indicators analyze price movements from a different perspective. They represent price data of a security inserted in a formula. Price data includes a combination of opening, high, low or closing values for a specific period of time.
Chart studies legend
|Simply moving average|
|Exponential moving average|
|Moving average convergence/divergence|
|RSI||Relative Strength Index|