GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 4th October 2019 - US Nonfarm payrolls
Volatility Response Model (VRM) described in the first post of this thread.
EURCAD added to complete another triplet. Now there are two triplets.
EURGBP X GBPUSD = EURUSD
EURUSD X USDCAD = EURCAD
The FX pairs follow each other about their respective VRM levels. Good for additional trading signals !
Here are the results for the GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD at end of day 4th October
The daily VRM charts below now only display the highest , lowest and S1 sentiments levels. These are the most important sentiment levels.
TWO FILES ATTACHED
FIRST FILE
Weekly VRM levels in the top 1 hour charts. Daily VRM levels in the bottom 1 hour charts. Times are GMT-3 . EMA channel (4,7) included. All charts show the mid-price between the bid and the offer.
GBPUSD Another Brexit day. GBPUSD fell below daily S1 sentiment level 1.2347 and fell to weekly level 1.2278 before rallying.
EURGBP rose to the middle of its long term trend channel at 0.8936 and then fell back.
EURUSD moved sideways with support on the middle of its short term trend channel at 1.0963.
USDCAD fell below its daily S1 sentiment level 1.3333 down to its daily level 1.3295 then rallied.
EURCAD could not break up through its highest daily sentiment level at 1.4638 and fell to daily level 1.4577.
SECOND FILE
Shows the 3 hour candlestick charts with EMA channel (4.7) throughout the week with weekly VRM levels for the 5 FX pairs. All charts show the mid-price between the bid and the offer.
GBPUSD cascaded down and then up its weekly levels 1.2278, 1.2247 and 1.2205. Before finally breaking up through its weekly S1 sentiment level 1.2322.
EURGBP found support on its weekly S1 sentiment level 0.8854 and tried twice to break up through the middle of its long term trend channel at 0.8936 and failed
EURUSD found support at weekly level 1.0883 and rallied to its highest weekly sentiment level 1.0986.
USDCAD tried once to break up through the middle of its long term trend channel at 1.3290 and failed. On the second attempt it broke through and rallied to weekly sentiment level 1.3338.
EURCAD found support at its weekly sentiment level 1.4409 and rallied to weekly level 1.4664.
Volatility Response Model (VRM) described in the first post of this thread.
EURCAD added to complete another triplet. Now there are two triplets.
EURGBP X GBPUSD = EURUSD
EURUSD X USDCAD = EURCAD
The FX pairs follow each other about their respective VRM levels. Good for additional trading signals !
Here are the results for the GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD at end of day 4th October
The daily VRM charts below now only display the highest , lowest and S1 sentiments levels. These are the most important sentiment levels.
TWO FILES ATTACHED
FIRST FILE
Weekly VRM levels in the top 1 hour charts. Daily VRM levels in the bottom 1 hour charts. Times are GMT-3 . EMA channel (4,7) included. All charts show the mid-price between the bid and the offer.
GBPUSD Another Brexit day. GBPUSD fell below daily S1 sentiment level 1.2347 and fell to weekly level 1.2278 before rallying.
EURGBP rose to the middle of its long term trend channel at 0.8936 and then fell back.
EURUSD moved sideways with support on the middle of its short term trend channel at 1.0963.
USDCAD fell below its daily S1 sentiment level 1.3333 down to its daily level 1.3295 then rallied.
EURCAD could not break up through its highest daily sentiment level at 1.4638 and fell to daily level 1.4577.
SECOND FILE
Shows the 3 hour candlestick charts with EMA channel (4.7) throughout the week with weekly VRM levels for the 5 FX pairs. All charts show the mid-price between the bid and the offer.
GBPUSD cascaded down and then up its weekly levels 1.2278, 1.2247 and 1.2205. Before finally breaking up through its weekly S1 sentiment level 1.2322.
EURGBP found support on its weekly S1 sentiment level 0.8854 and tried twice to break up through the middle of its long term trend channel at 0.8936 and failed
EURUSD found support at weekly level 1.0883 and rallied to its highest weekly sentiment level 1.0986.
USDCAD tried once to break up through the middle of its long term trend channel at 1.3290 and failed. On the second attempt it broke through and rallied to weekly sentiment level 1.3338.
EURCAD found support at its weekly sentiment level 1.4409 and rallied to weekly level 1.4664.