EURO-USD prediction application using weighted moving average on mobile device

Abstract

Investments in foreign exchange (forex) promise lucrative profits, thus inviting a lot of attention for researcher sand traders to create a system or indicator in trading. All indicators or system is reliable and has proven hat can bring profit for traders. Basically all indicator are reliable and tested which able to bring some profit to traders. Ironically there are many trader fail to gain the profit and became bankrupt. It because they has no well money management and good mentality in trading. Therefore in this study is focused on technical analysis by using weighted moving average which will be implemented on the mobile device so that it can give predictions on the price of the EURO-USD currency pair. The results is the weighted moving average was not quite accurate in determining the price of a currency especially during sideways price but it so accurate when they have strong price trend or large-scale. weighted moving average becomes really easy to apply when using 2 or more weighted moving average and able to give facility in analyzing movement of currency with the counterpart of EURO-USD by means of mobile medium. © 2014 Science Publications.