Daily Forex Quantitative Trading Ideas And Analysis - 30 May 2018

Highlights from the Daily ATS Forex Dashboard report going into Wednesday, 30 May-

Volatility continues to surge in the FX markets.

Last week we mentioned JPY was notably gaining strength the short-term momentum rank shifted (See image).

Short-term momentum changes:

Positive - none

Negative - $AUDCHF, $AUDUSD

Long-term momentum changes:

Positive - none

Negative - $EURCHF, $GBPCHF

Price structure has turned negative for $AUDNZD, $AUDUSD, and $EURGBP.

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).

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