Daily Forex Quantitative Trading Ideas And Analysis - 20 April 2018

Highlights from the daily Forex ATI Dashboard report going into Friday, 20 April-

Short-term momentum changes:

Bullish - $EURGBP, $USDCAD

Bearish - $AUDUSD, $GBPJPY, $GBPUSD, $NZDJPY, $NZDUSD

Structural change has occurred for $GBPUSD (bearish) and $EURGBP (bullish).

Interestingly there were no pivot gaps on Thursday. The last time this occurred was on 8-Feb of this year.

Several of the key range expansions and price reversals from extremes that we have been anticipating and sharing have occurred. However, there are a few pairs/crosses which are likely to experience range expansions including: $EURCAD, $USDJPY, and $CADCHF

Attached to this post is an image showing Relative Range Indexes (RRI) for each currency pair to show how daily price ranges have recently increased as a percentage of their typical range. Values highlighted in blue represent 120% or greater of their typical range while those highlighted in orange were 80% or less. Bold black numbers were the highest or lowest of at least 20 days.

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