Daily Forex Quantitative Trading Ideas And Analysis - 25 May 2018

May 24, 2018

Highlights from the Daily ATS Forex Dashboard report going into Friday, 25 May-

Volatility has generally remained elevated and is not likely to persist.

However, price ranges have compressed significantly for $EURUSd and $NZDUSD and are anticipated to increase relatively soon.

 

Short-term momentum changes:

Positive - $AUDCAD

Negative - $CADCHF, $CADJPY, $CHFJPY, $USDJPY

Long-term momentum changes:

Positive - none

Negative - none

 

The structure has turned negative for $CADJPY, $CHFJPY, $EURJPY $NZDJPY

 

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 (See JPY).

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!

 

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