Daily Forex Quantitative Trading Ideas And Analysis - 16 April 2018

Highlights from the daily Forex ATI dashboard report going into Monday, 16 April-

Short-term momentum reversed up for two pairs/crosses: $EURUSD, $GBP/NZD and one major: AUD. There were no changes in long-term momentum.

However, $GBPCHF ranked #1 for both ST and LT momentum is at an extreme level and not likely to continue. Similarly, EURCHF is ranked #2 for both ST and LT momentum and is also at unsustainable extreme levels.

Daily price ranges for $EURUSD and $GBPCAD were extremely low on Friday and likely to increase.

3-day price ranges for $GBPAUD, $GBPCAD, $NZDUSD, and $USDCAD were also extremely low as of Friday and likely to increase. Also noteworthy of that bunch - $GBPCAD is on the weekly, daily and 3-day price range list for being at extreme lows. Additionally, $USDCAD has the lowest Short-term momentum rank (#28) which is a high risk factor for reversing the recent selloff. 

Another method of detecting price range breakouts is our unique indicator RPM which looks at statistical volatility combined with price range. Current daily RPM levels suggest an imminent breakout for $EURUSD, $EURCHF, and $GBPCAD.

3-day RPM signals are for $EURJPY, $GBPAUD, $NZDUSD, and $USDCAD

Daily pivot ranges for $AUDCAD, $EURUSD, $GBPCAD, and $USDCHF are low and price is likely to increase in volatility from the published pivot levels. Also of note- $GBPCAD had a pivot range compression 4 consecutive days which increases the likelihood of increased price action.

There are several 3-day pivot ranges at extremely tight levels as highlighted on the dashboard. Some of these include $AUDCAD, $EURJPY, $NZDCHF, $CADCHF, $EURCAD. Most notable is AUD with 5 of 7 pairs/crosses showing low 3-day pivot ranges.

 $AUDNZD and $CHFJPY currently show daily pivot reversals to the upside.

$AUDCAD, $AUDNZD, $GBPCAD currently show  3-day pivot reversals to the upside.

 There has been quite a bit of interest in the momentum heat maps from the daily ATI dashboards. So we wanted to share an excerpt of the short-term momentum ranking. The image with this post is shows the highest (1) to lowest (8) momentum of the 8 major currencies we follow. 

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