GBP Long Bias - LogicStrategy score shift of +14 points towards strength - Core Retail Sales m/m show better than expected changes in retail sales in the given month compared to the previous month. The index calculation does not include auto sales and fuel, which tend to be very volatile. It is an indicator of consumers spending that allows estimating the...
USD Short bias - quant score = -3 (-10 shift) MXN Long Bias - quant score = +39 (+22 shift) TA - Short momentum, low breaks
CHF Quant Score - The current score is 0, but showed a positive shift from -25 previously... this gives an early sign of strength. CZK Quant Score - The current score is -25, and shifted from -8 last week, showing a continuation of weakness. Technicals - 4HR engulfing and support area. - 4HR Buy zone - High break on the previous break out. - Higher low
GBP False Long? - Brexit optimism in the public eye. Pound surges suspiciously in such uncertain times. - False breakout potentially? - LogicStrategy Quant score: -14 - COTA reading: 54% of funds are net short on GBP AUD Fundamentals - The People's bank of China has reported its second month of gold buying. Showing a potential appreciation on AUD - Quant...
Europe Quant Score: Yesterday the score was -32 showing weakness, but a shift of over +32 points showing a dramatic increase in strength overnight gave this amazing long bias. Even though the EUR score is technically neutral, this large shift is showing a change in momentum. Hong Kong Quant Score: Consistently weak at -21 - Trade entered already by our...
GBP WEAKNESS & UNCERTAINTY? - With Brexit deadline approaching, and socialist Labour party calling for a 2nd referendum - Investors will be wary of their GBP holdings. Descaling positions on the pound will be a likely event in coming future, so an earlier shorting opportunity may be present here. - GBP Quant scores showing a reading of -14, shifting from the...
- Volatility within the western markets potentially may increase - Could this appreciate the USD or will it strengthen the AUD with close ties to the CNY Medium Risk Setup: -Medium risk setup - Limited exposure on position Fundamentals: - Logikfx quant score +20 AUD, - 40 JPY. JPY showed - 30 the day before, showing an increasing weakness shift. - Trade...
AUD STRENGTH - On the 20/02/2019 The Conference Board leading index forecasted an expansion on the Australian economy. This leads to a slight long bias on AUD. - The Logikfx score also shows a strong reading at 20, increasing from 0 earlier in the week. This strength shift indicates a potential change in cash flow to the Aussie economy. EUR WEAKNESS - on the...
The net quantitative assessment of GBP shifted from a 30 points to - 5 points. This shift showed that the current long state of the pair was short lived. Simultaneously NZD quant score shifted from 0 to 28 showing an increase in strength. After waiting for a candlestick confirmation entered the trade, and still waiting for the position to materialise. 25% of the...