Daily Forex Quantitative Trading Ideas And Analysis - 18 May 2018

Highlights from the Daily ATS Forex Dashboard report going into Friday, 18 May-

 Thursday's currency markets were quite tame with out any noteworthy extremes.

There were no changes in short-term momentum.

There were no changes in long-term momentum.

Price structure has turned positive for $GBPJPY and $NZDJPY

We utilize a statistically-based method of calculating momentum that is robust and adapts to fast or slow moving markets. Additionally, it is normalized so the outputs of one currency can be directly comparable and ranked across the others.

The image with this post ranks long-term momentum for the 28 primary pairs and crosses. The strongest momentum is ranked "1" in dark green and "28" is the weakest or most negative. This gives you a visual representation of strength and 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.

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!