Daily Forex Quantitative Trading Ideas And Analysis - 5 June 2018

Jun 04, 2018

Highlights from the Daily ATS Forex Dashboard report going into Tuesday, 5 June-

Previously, we noted the negative shift in JPY and coinciding structure changes for multiple pairs, which consequently experienced excellent follow-through.

Short-term momentum changes:

Positive - $AUDCHF, $CADJPY, $EURJPY, $NZDCHF

Negative - none

 

Long-term momentum changes:

Positive - none

Negative - none

 

 Structure changes:

Positive - $GBPJPY, $USDJPY

Negative - none

Price ranges have compressed significantly for $CADCHF, $CADJPY, $EURCHF, $EURCAD, and $USDCAD and are anticipated to increase relatively soon.

 

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.

 

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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