Algo Trading System Euro Currency Report For 9/23/2019
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.
For the most recent close for S&P500 (mini S&P futures), a moving average summation is showing a bullish bias.
The reverse momentum indicator for S&P500 is showing a bearish bias.
The compiled RSI algo indicator is showing a neutral bias.
Based on 4 algo trading strategies developed with the Strategy Factory methodology, the current aggregate strategy status score is -2.00, which indicates an overall bearish bias.
The aggregate stochastic algo indicator is showing a bearish bias.
Overall, the current algo based bias for Euro Currency is BEARISH.
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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