Daily Forex Quantitative Trading Ideas And Analysis - 17 April 2018

Highlights from the daily Forex ATI Dashboard report going into Tuesday, 17 April-

Short-term momentum reversed up for two pairs/crosses: $EURAUD, $GBPCAD, while majors EUR turned up and AUD turned down. Long-term momentum turned up for $EURJPY.

$GBPCHF and $EURCHF are at extreme momentum levels ranked #1 and #2 for both ST and LT momentum respectively. 

Daily price ranges for $AUDUSD, $AUDJPY, $CADCHF, $CADJPY, and $NZDJPY are likely to increase, while $EURCAD is likely to see an increase in both daily and 3-day price ranges. Additionally, $USDCAD is likely to see a 3-day range increase.

$AUDCHF is showing an ABS squeeze "type 3" with narrow daily and 3-day pivot ranges, increasing the likelihood of a breakout.

Daily and 3-day pivots indicate an increase in volatility for $AUDJPY, and $CHFJPY. 3-day pivots are indicating an increase in volatility for $AUDCAD and $NZDUSD. Additionally, $AUDNZD and $GBPCAD are likely to experience a swing or trend developing.

Included with this post is a table of daily USD ranges for each currency pair/cross (assuming a position size of 1 lot) from the ATI Dashboard. The ranges are color ranked for each day from highest (green) to lowest (red).

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