Weekly Forex Quantitative Trading Ideas And Analysis - 7 May 2018

Highlights from the weekly ATS Forex Dashboard report going into Monday, 7 May-

Weekly price range compression for $EURCHF and $USDCAD have reached significant levels and are likely to rebound. 

Additionally, the odds have increased for $AUDJPY and $AUDUSD to experience a directional breakout.

Breakout confirmation utilizing Andersen Bands and other tactical trading tools are suggested for these actionable trades. 

Volatility generally remains considerably weak in the currency market. This can be seen in the image included with this post. The image shows a one year volatility trend chart for each pair/cross. The directional arrow indicates the one week change in volatility.

The remaining columns show the relative rank in percentage of where the current 5 week, 10 week, 30 week, and 120 week measurements of volatility are compared to the past. A reading of zero means volatility is at the bottom of the range. Conversely, a reading of 100 would be at the top.

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Have a great week ahead!