Daily Forex Quantitative Trading Ideas And Analysis - 10 April 2018
Apr 10, 2018
Going into the new session there are several things that stand out from the Daily ATI Forex Dashboard report:
- Of the 28 primary pairs and crosses, short-term momentum has turned positive for EURUD and of the 8 majors, USD turned negative.
- GBPCHF has shown the strongest upside momentum followed by GBPAUD and GBPJPY.
- EURGBP has shown the strongest downside momentum followed by AUDNZD and AUDCAD.
Current short-term momentum rankings of the majors-
- No changes in direction for LT momentum.
- Based on volatility analytics the following JPY crosses are poised for a breakout - CADJPY, AUDJPY, EURJPY, NZDJPY .
- Additionally, EURGBP, EURCHF and EURNZD are similarly likely to see a significant increase in volatility.
- CHFJPY and GBPUSD have both flipped to an upside bias relative to their respective 3-Day pivots.
Good luck and good trades!
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