GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD results for 19th February 2020
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 19th February 2020
The daily VRM charts below now only display the highest , lowest and S1 sentiments levels. These are the most important sentiment levels.
ONE FILE ATTACHED
FIRST FILE
Weekly VRM levels in the top 1 hour charts. Daily VRM levels in the bottom 1 hour charts. Times are GMT-4 . EMA channel (4,7) included. All charts show the mid-price between the bid and the offer . Daily levels were valid for the last 24 hours ending 5 pm NY time.
GBPUSD started the 24 hours with support on its daily S1 sentiment level 1.2997. EURGBP started its 24 hours with support on its daily S1 sentiment level 0.8301. ...... But EURUSD started the 24 hours below its daily S1 sentiment level at 1.0814. By arbitrage
EURGBP X GBPUSD = EURUSD
so GBPUSD or EURGBP had to lose its support. GBPUSD fell.
GBPUSD fell through the middle of its short term trend channel at 1.2993. And then fell all the way to weekly level 1.2919
EURGBP rose from the bottom of its short term trend channel at 0.8306 to its high at weekly sentiment level 0.8361
EURUSD fell to its daily level 1.0784 before rallying
USDCAD fell through its weekly S1 sentiment level 1.3257. Made its low at daily level 1.3220
EURCAD had some support on its lowest daily sentiment level 1.4308. But then fell further to the bottom of its short term trend channel at 1.4272.
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 19th February 2020
The daily VRM charts below now only display the highest , lowest and S1 sentiments levels. These are the most important sentiment levels.
ONE FILE ATTACHED
FIRST FILE
Weekly VRM levels in the top 1 hour charts. Daily VRM levels in the bottom 1 hour charts. Times are GMT-4 . EMA channel (4,7) included. All charts show the mid-price between the bid and the offer . Daily levels were valid for the last 24 hours ending 5 pm NY time.
GBPUSD started the 24 hours with support on its daily S1 sentiment level 1.2997. EURGBP started its 24 hours with support on its daily S1 sentiment level 0.8301. ...... But EURUSD started the 24 hours below its daily S1 sentiment level at 1.0814. By arbitrage
EURGBP X GBPUSD = EURUSD
so GBPUSD or EURGBP had to lose its support. GBPUSD fell.
GBPUSD fell through the middle of its short term trend channel at 1.2993. And then fell all the way to weekly level 1.2919
EURGBP rose from the bottom of its short term trend channel at 0.8306 to its high at weekly sentiment level 0.8361
EURUSD fell to its daily level 1.0784 before rallying
USDCAD fell through its weekly S1 sentiment level 1.3257. Made its low at daily level 1.3220
EURCAD had some support on its lowest daily sentiment level 1.4308. But then fell further to the bottom of its short term trend channel at 1.4272.