Calculating Sortino Ratio in Forex
The Sortino Ratio is similar to the Sharpe Ratio. The differences make Sortino Ratio in forex more relevant for assessing trading strategies.
Scandex Technical Weekly: 11/15/2020
USDCNH made a weekly J Spike last week (price based only indicator). The platform that I use to run these studies only includes USDCNH data since 2013 and this is the first bullish signal. There have been several bearish signals; at the 2018 and 2019 highs. A turn higher in USDCNH ‘fits’ with a turn lower in Chinese equities.
Market Update: November 12
It was relatively quiet today but bullish evidence continues to mount for the USD. USDCAD, for example, followed through on its reversal from a 13 month low. The rally is impulsive (5 waves), which suggests that an weakness should prove corrective and give way to additional strength. Proposed support is 1.3025/50.
Three Most Popular Technical Analysis Indicators in Forex
Traders use indicators to predict how the market will move. Learn more about the three most popular technical analysis indicators in forex.
Market Update: November 11
NZDUSD has ripped into the confluence of long term downward sloping channel resistance and short term upward sloping channel resistance. I’m interested in the short side IF we see some reversal evidence over the next 2 days (rest of the week). A drop below the high volume level from RBNZ at .6862 would be an early sign of a reversal.
Market Update: November 10
Silver has been trending lower since August 6th and put in a large bearish outside day on Monday. Focus is towards the lower channel line near 20.65, which is currently just above the 200 day average. Resistance should be about 24.56 (see 4 hour chart below). A downside bias is reinforced by the fact that VWAP from the high was resistance on SLV on Monday (see 2 charts down).
Market Update 11/9 – Important Stock Market Signal
TLT has reached the long term parallel that was noted as the ‘critial level to pay attention to’ several weeks ago. Simply, this is a major decision point. Weakness below would be a game changer but support is support until broken so I’m thinking bounce.
What is Fundamental Analysis in Forex
Many forex traders rely on fundamental analysis to understand which direction the price of a currency pair could move in.
Market Update 11/8 – November is for turkey!
DXY continues to trade at/just above a major long term level. Nothing has changed. This is support until broken (daily closing basis at least). The UUP (see below) warns that last week’s drop is a trap. The red bars on the UUP chart show when price closed at a 52 week low with volume at least as high as it was last week (1.8 x the 13 week average). Every instance except one (highlighted in yellow) was a capitulation low. Stay tuned.