Highlights from the Daily ATS Forex Dashboard report going into Thursday, 14 June-
Volatility generally remains compressed and is increasingly more likely to expand relatively soon.
Specifically, price ranges have compressed significantly for $CADJPY $EURCAD $CADCHF $EURCHF $GBPCAD
Short-term momentum changes:
Positive - $CADJPY
Negative - $AUDUSD
Long-term momentum changes:
Positive - none
Negative - none
Structure changes:
Positive - $CADJPY
Negative - none
The image with this post ranks short-term momentum for the majors. The strongest momentum is ranked "1" in dark green and "8" is the weakest or most negative. This gives you a visual representation of strength and weakness to construct trades with corresponding pairs and crosses that represent buying strength and selling weakness. The most opportunistic trades tend to be when there is a shift in trend moving toward the top or bottom of the momentum ranks.
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