Highlights from the Daily ATS Forex Dashboard report going into Tuesday, 29 May-
Volatility and directional movement are likely to increase for $AUDUSD and $EURGBP
Short-term momentum changes:
Positive - $NZDCAD
Negative - none
Long-term momentum changes:
Positive - none
Negative - none
Price structure has turned negative for $CADCHF and positive for $EURCAD, $NZDCAD, and $USDCAD
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.
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