Daily Forex Quantitative Trading Ideas And Analysis - 04 May 2018

Highlights from the daily Forex ATI Dashboard report going into Friday, 4 May-

Several of the pairs that we have been anticipating big price ranges for have done so. $EURJPY and $CHFJPY experienced daily price ranges exceeding 2 standard deviations of their typical ranges at 169% and 166% respectively. While not as extreme, $GBPJPY and $USDJPY also experienced ranges significantly beyond what is typical. Additionally, JPY exceeded 2 standard deviations at 145%. However, $GBPCHF coiled tightly and is likely to expand soon.

$EURNZD switching to bearish is the sole possible structure change.

The image with this post is a short-term/ long-term momentum rank for the top 5 and bottom 5 of the 28 primary pairs we follow. We utilize a statistically-based method of calculating momentum that is robust enough to adapt to fast or slow moving markets, while being normalized so the outputs can be directly comparable and sorted from one pair/cross to another.

The current rank (Thursday) is flanked by yesterday's "Prior Rank" (Wednesday) to illustrate shift in strength or weakness. A value of "1" reflects the strongest (bullish)  and a ranking of "28" reflects the weakest (bearish) momentum. Values highlighted in blue indicate a top 5 ranking while values in orange highlight a bottom 5 ranking yesterday.

Please feel free to reach out to [email protected] if you would like a copy of the full 24-page daily report to know more or if you have any questions. We would love to hear from you!

Make it a great day!