Weekly Forex Quantitative Trading Ideas And Analysis  16 April 2018
Highlights from the weekly Forex ATI dashboard report going into Monday, 16 April
Weekly price range compression for $AUD/CAD, $NZDCAD, and $USDJPY reached significant levels and are likely to rebound.
$AUDUSD developed a weekly pivot reversal to the upside.
The weekly pivot ranges are very low for the following pairs which are likely to lead to significant price movement and increased volatility $EURUSD, $GBPCAD, $AUDCAD, and $USDJPY.
Additionally, a few of the interesting correlation relationships from the ATI report
$EURAUD currently has a 30day correlation of 93% with $GBPCAD, yet the 120day correlation is only 50%.
$GBPAUD currently has a 30day inverse correlation of 94% with $CADJPY yet the 120day correlation is only 24%.
$USDJPY currently has a 30day inverse correlation of 91% with $EURAUD yet the 120day correlation is only 12%.
The 30day correlation matrix from the weekly ATI report is included with this post for additional observation.
Have a great week!
