– T3 model signals: No signal. USD/JPY and EUR/JPY are the strongest (up) trends but they are filtered out as they have too high volatility scores while EUR/CHF, the third strongest trend, is filtered out by the 20d Rank criteria.
– Still mostly ranging markets. The aggregated trend scores and vol scores of the 17 currencies in our T3 board continues to be very low. This indicates more of a ranging than momentum driven market. One way to use this indicator is to, as long as this unfavorable market environment persist, underweight the allocation to momentum driven trading styles and overweight range trading styles.
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