Algo Trading System Euro Currency Report For 9/12/2019
Based on ongoing analysis of the Euro Currency market, no single indicator, pattern or calculation accurately predicts the future market movement 100% of the time.However, when certain indicators and algorithmic strategies for the Euro Currency and Dollar Index are employed and measured cumulatively, a reliable overall market bias can be established.The net result of each of the indicators and algos specifically designed for Euro Currency are summarized below.
The reverse momentum indicator for Euro Currency is showing a neutral bias.
Based on 3 algo trading strategies developed with the Strategy Factory methodology, the current aggregate strategy status score is 0.00, which indicates an overall neutral bias.
The compiled RSI algo indicator is showing a bullish bias.
The aggregate volatility/momentum indicator is showing a neutral bias.
Overall, the current algo based bias for Euro Currency is NEUTRAL.
The algorithms used to establish the bias use historical data, and do not anticipate any news related price shocks.The algos are all short term swing trading strategies, with trade duration of a few days to a few weeks. All strategies have a profitable hypothetical backtest over the past 8-10 years. Algo indicators are standard or modified indicators, computed over a wide range of input values.
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Past performance is not indicative of future results.Treat all results as hypothetical, for educational purposes only.