ActiveFX

FX Market Overview Help

This dashboard presents the overview of the 28 primary currency pairs continuously analysed by Selected Alpha.  Analysis is updated on the 30-minute basis. You can select currency pairs related to only one currency (e.g. Euro) by typing “EUR” at the bottom of the Pair column in the table above.  The charts will update accordingly and show the analysis only for euro-linked currency pairs. You can also search for a symbol in the search field at the top of the table. All analysis presented here is for educational purposes and should not be considered investment/trading advice.

 

Trend and Impulses chart: This chart shows the strength of the active impulses and the trends affecting each of the instruments analyzed by Selected Alpha. The market overview table is sorted by the Impusle strength by default – starting with the strongest upward impulses. Right-directed bars indicate bullish impulses/trends. Left-directed bars indicate bearish impulses/trends. When the active impulses and trends are aligned there is a higher probability the prices of the affected instruments will move accordingly.

Note: You can toggle visibility of the individual impulse and trend strength charts by clicking their names at the bottom of this chart.

 

Nearby Areas chart: This chart shows the the cumulative strength of the support and resistance areas in the vicinity of the next 1.5 ATRs (Average True Range) above and below the last closing price of each instrument.  The levels used for the calculation of the corresponding areas are the horizontal price levels and the daily Bollinger Bands. The strength of all levels is calculated by the automated level ranking algorithm – RealStrength Ranker which evaluates the strength of all the previous price reversals from each of the price levels – allowing cross-instrument and cross-market level strength comparison. Red bars represent the strength of the nearby resistance areas. Blue bars represent the strength of the nearby support areas.

Note: You can toggle visibility of the support and resistance charts by clicking their names at the bottom of this chart. Selected Alpha charts employ strength-based level thickening to help you see the levels with the most reversal potential.

 

Support and Resistance Maps:  These charts graphically display the strength of the next 3 support levels and the next 3 resistance levels for each of the instruments analysed by Selected Alpha. The distance to the levels is not limited by the 1.5 ATRs (Average True Ranges) as is in the case of the Nearby Areas chart. Therefore this analysis provides a wider view of the nearby technical setup for each of the instruments. You can toggle the visibility of each series of the successive price levels by clicking their labels at the bottom of the support and resistance maps. For the instant strength-adjusted visualization of the nearby support and resistance levels please open the chart for a given currency pair.

 

Macro Overview Table: This table list the main technical parameters of all the instruments analysed by the Active FX. The market overview table is sorted by the Impusle strength by default – starting with the strongest upward impulses. You can select any of the markets that you wish to focus on in the checkbox menu in the table above. You can select any number of instruments for individual comparative analysis and also sort the table on all numerical columns. The charts will update accordingly.

 

 

 

Examples of searches done in 2 to 4 clicks:

  • Show me pairs in correction to uptrend – sort by nearby support area. In “Impulse Type” column select “Contrarian” impulse type. Rank the results by the “Support Area”. Select uptrends by dragging to the positive territory the left handle of the the numeric slider at the bottom of the table in the “Trend” column.
  • Show instruments with Bullish RSI divergence – rank by the days after divergence. In “RSI div in 10 bars” column select Bullish Divergence. Rank the results by the “Bars Ago”
  • Show instruments approaching their expected daily Max/Min levels. Use the right handle of the numeric slider at the bottom of the table in the “Freedom” column to show only the instruments with Freedom less than 0.1. Freedom of 1 means the instrument has full space to move inside it expected daily price range (up or down). Freedom closer to zero indicates the instrument is likely to reverse from its intraday max/min levels.
ID Pair Chart Pivot Strength Pivot Area Type Distance (ATRs) Buy/Sell Sup/Res Alignment Trend Impulse
1 EURUSD 1.1639 11.70 11.70 Level 0.93 Sell Resistance Aligned -75.00 -87.00
2 GBPUSD 1.3673 5.85 371.11 Level 0.18 Sell Resistance Aligned -22.00 -44.00
3 USDCHF 0.9230 24.70 218.09 Level -0.15 Buy Support Contrarian -4.00 51.00
4 USDJPY 0.0000 0.00 0.00 0 0.00 0 0 0 55.00 95.00
5 USDCAD 1.2421 20.80 157.50 Level -0.19 Buy Support Contrarian -7.00 -57.00
6 AUDUSD 0.7384 97.50 371.79 Level 0.12 Sell Resistance Aligned -66.00 93.00
7 NZDUSD 0.6969 163.80 163.80 Level 0.13 Sell Resistance Aligned -27.00 -58.00
8 EURGBP 0.8518 5.85 5.85 Level 0.65 Sell Resistance Aligned -10.00 -69.00
9 EURCHF 1.0708 63.05 420.60 Level -0.02 Buy Support Contrarian -64.00 -83.00
10 EURJPY 132.4230 32.50 280.54 Level 1.33 Sell Resistance Contrarian 14.00 98.00
11 EURCAD 0.0000 0.00 0.00 0 0.00 0 0 0 -42.00 -100.00
12 EURAUD 0.0000 0.00 0.00 0 0.00 0 0 0 82.00 -62.00
13 EURNZD 1.6726 29.25 220.96 Level 0.62 Sell Resistance Aligned -3.00 62.00
14 GBPCHF 1.2579 94.25 353.52 Level -0.40 Buy Support Contrarian -26.00 -38.00
15 GBPJPY 155.1430 11.05 361.92 Level 0.32 Sell Resistance Contrarian 26.00 86.00
16 GBPCAD 0.0000 0.00 0.00 0 0.00 0 0 0 -42.00 -92.00
17 GBPAUD 0.0000 0.00 0.00 0 0.00 0 0 0 73.00 0.00
18 GBPNZD 1.9666 218.37 294.42 Up Bollinger Band 0.40 Sell Resistance Contrarian 9.00 97.00
19 CHFJPY 122.7600 110.50 345.35 Level 0.17 Sell Resistance Contrarian 62.00 63.00
20 CADCHF 0.0000 0.00 0.00 0 0.00 0 0 0 -21.00 51.00
21 CADJPY 0.0000 0.00 0.00 0 0.00 0 0 0 56.00 82.00
22 AUDCHF 0.0000 0.00 0.00 0 0.00 0 0 0 -86.00 0.00
23 AUDJPY 83.7890 152.10 580.06 Level 0.26 Sell Resistance Aligned -45.00 57.00
24 AUDCAD 0.9200 22.75 22.75 Level 0.43 Sell Resistance Aligned -72.00 -72.00
25 AUDNZD 0.0000 0.00 0.00 0 0.00 0 0 0 -82.00 100.00
26 NZDCHF 0.6393 65.00 407.54 Level -0.64 Buy Support Contrarian -13.00 -78.00
27 NZDJPY 79.0680 76.70 289.74 Level 0.25 Sell Resistance Contrarian 8.00 95.00
28 NZDCAD 0.0000 0.00 0.00 0 0.00 0 0 0 -11.00 -91.00
ID Pair Chart Pivot Strength Pivot Area Type Distance (ATRs) Buy/Sell Sup/Res Alignment Trend Impulse

PivotWatcher Help

PivotWatcher is constantly watching the markets for the instruments that are approaching significant price levels (horizontal levels or daily Bollinger Bands). The price should be moving in the direction of the pivot to be included in the report by the PivotWatcher (max distance to pivot is 1.5 daily Average True Ranges). The PivotWatcher table is by default sorted by the strength of the pivots approached by the trading instruments covered by Selected Alpha.

Approaching Pivots Chart: This chart lists the strength of all nearby price pivots in the descending order.  You can apply further filtering of the results in the PivotWatcher table and the chart will reflect this filtering. The strength of all levels is calculated by the automated level ranking algorithm – RealStrength Ranker which evaluates the strength of all the previous price reversals from each of the price levels – allowing cross-instrument and cross-market level strength comparison.

 

PivotWatcher Table: This table lists all nearby price pivots approached by the instruments analysed by Selected Alpha – starting with the strongest pivot. PivotWatcher ranks the strength of the support and resistance areas surrounding each of the approached pivots – as is shown in the “Pivot Area” column. Pivots with higher nearby support and resistance area have the higher probability of price reversal. You can select pivot types (levels or Bollinger Bands). Focus on the closest pivots by setting the distance range from -0.2 to +0.2 ATRs by using the number range slider at the bottom of the “Distance (ATRs)” column.

 

You can select if the pivot is aligned or contrarian to the active trend in the “Alignment” column.  Choose the markets that you wish to focus on in the checkbox menu in the “Markets” column. The table can be sorted on all numerical columns. The pivot rank chart will update accordingly.

Example of PivotWatcher search: List the nearby pivots aligned to the active uptrends.

In the “Alignment” column select “Aligned” pivot type. Select positive trends by using the numeric slider at the bottom of the “Trend” table.  You can limit the table to pivots near the last closing price by setting the distance range from -0.2 to +0.2 ATRs by using the number range slider at the bottom of the “Distance (ATRs)” column.

ID Pair LDC Chart Golden Level Reversal Factor Strength Distance to BB (ATRs) Distance to Close (ATRs) Buy/Sell Alignment Trend Impulse
1 EURUSD 1.16 0.0000 0.00 0 0.00 0.00 0 0 -75.00 -87.00
2 GBPUSD 1.37 0.0000 0.00 0 0.00 0.00 0 0 -22.00 -44.00
3 USDCHF 0.92 0.0000 0.00 0 0.00 0.00 0 0 -4.00 51.00
4 USDJPY 113.31 0.0000 0.00 0 0.00 0.00 0 0 55.00 95.00
5 USDCAD 1.24 0.0000 0.00 0 0.00 0.00 0 0 -7.00 -57.00
6 AUDUSD 0.74 0.7384 23.03 97 0.24 0.12 Sell Aligned -66.00 93.00
7 NZDUSD 0.70 0.0000 0.00 0 0.00 0.00 0 0 -27.00 -58.00
8 EURGBP 0.85 0.0000 0.00 0 0.00 0.00 0 0 -10.00 -69.00
9 EURCHF 1.07 0.0000 0.00 0 0.00 0.00 0 0 -64.00 -83.00
10 EURJPY 131.34 132.4230 49.52 32 1.52 1.33 Sell Contrarian 14.00 98.00
11 EURCAD 1.44 0.0000 0.00 0 0.00 0.00 0 0 -42.00 -100.00
12 EURAUD 1.57 0.0000 0.00 0 0.00 0.00 0 0 82.00 -62.00
13 EURNZD 1.66 0.0000 0.00 0 0.00 0.00 0 0 -3.00 62.00
14 GBPCHF 1.26 0.0000 0.00 0 0.00 0.00 0 0 -26.00 -38.00
15 GBPJPY 154.73 155.1430 5.70 11 0.52 0.32 Sell Contrarian 26.00 86.00
16 GBPCAD 1.70 0.0000 0.00 0 0.00 0.00 0 0 -42.00 -92.00
17 GBPAUD 1.85 0.0000 0.00 0 0.00 0.00 0 0 73.00 0.00
18 GBPNZD 1.96 0.0000 0.00 0 0.00 0.00 0 0 9.00 97.00
19 CHFJPY 122.63 122.7600 54.59 110 0.49 0.17 Sell Contrarian 62.00 63.00
20 CADCHF 0.74 0.0000 0.00 0 0.00 0.00 0 0 -21.00 51.00
21 CADJPY 91.07 0.0000 0.00 0 0.00 0.00 0 0 56.00 82.00
22 AUDCHF 0.68 0.0000 0.00 0 0.00 0.00 0 0 -86.00 0.00
23 AUDJPY 83.58 83.7890 62.92 152 0.41 0.26 Sell Aligned -45.00 57.00
24 AUDCAD 0.92 0.0000 0.00 0 0.00 0.00 0 0 -72.00 -72.00
25 AUDNZD 1.06 0.0000 0.00 0 0.00 0.00 0 0 -82.00 100.00
26 NZDCHF 0.64 0.0000 0.00 0 0.00 0.00 0 0 -13.00 -78.00
27 NZDJPY 78.87 79.0680 26.05 76 0.34 0.25 Sell Contrarian 8.00 95.00
28 NZDCAD 0.87 0.0000 0.00 0 0.00 0.00 0 0 -11.00 -91.00
ID Pair LDC Chart Golden Level Reversal Factor Strength Distance to BB (ATRs) Distance to Close (ATRs) Buy/Sell Alignment Trend Impulse

Golden Levels Help

Golden levels are special price levels identified by Selected Alpha with the higher probability of the intraday reversal. The price will typically try to reach the active Golden Levels during the active trading session – and then reverse from them. These horizontal levels are standing outside of the daily upper or lower Bollinger bands but are at the same time within the reach of the price in the course of the active trading day. The instrument price should also be trading outside of the corresponding Bollinger Band for the level to be considered Golden by Selected Alpha.

Golden levels can either be exploited as the intraday take profit levels or as the intraday short-term contrarian limit buy or sell entries – fading the intraday price moves. The Golden levels are ranked by the Reversal Factor which is based on the strength of the level and its distance from the nearby Bollinger Band.

Note: Golden levels are colored in yellow on the charts (their thickness reflects the strength of the level as calculated by the RealStrength Level Ranker).

Golden Levels Charts: The first of these charts shows the ranking of the Golden Levels by their corresponding Reversal Factor. Reversal Factor of a Golden Level is calculated by using the Strength of the horizontal level (second chart) and its distance from the nearby Bollinger Band (third chart). The same descending rank is used in the Golden Levels table above.

 

Golden Levels table: This table list all active Golden Levels identified by Selected Alpha – starting with the Golden Level with the highest Reversal Factor (intraday reversal probability). You can limit the table to Golden Levels near the last closing price by setting the distance range from -0.2 to +0.2 ATRs by using the number range slider at the bottom of the “Distance to Close (ATRs)” column. You can also select if the Golden Level is aligned with or contrarian to the active trend in the “Alignment” column. Choose the markets that you wish to focus on in the checkbox menu in the “Markets” column. You can also sort the table on all numerical columns. The charts will update accordingly.

Note: The low Freedom value (daily range is approaching or beyond the daily Average True Range) near a Golden Level can be additional confirmation that the price is likely to reverse from it.

ID Pair Chart Collision Up Flag Dn Flag Flag Flag/Trend Alignment Reversal Probability Reversal Direction UB intact duration DB intact duration Trend Impulse ReversalHL
1 EURUSD Middle 0.00 0.00 0.00 0.00 0 27 4 -75.00 -87.00 0.00
2 GBPUSD 0.00 0.00 0.00 0.00 0 20 7 -22.00 -44.00 0.00
3 USDCHF Down Band 0.00 0.00 0.00 0.00 0 8 49 -4.00 51.00 0.00
4 USDJPY 0.00 0.00 0.00 0.00 Down 0 14 55.00 95.00 0.00
5 USDCAD 0.00 0.00 0.00 0.00 0 15 0 -7.00 -57.00 0.00
6 AUDUSD 0.12 0.00 0.12 Aligned 0.19 Down 0 36 -66.00 93.00 0.00
7 NZDUSD 0.00 0.00 0.00 0.00 0 27 7 -27.00 -58.00 0.00
8 EURGBP 0.00 0.00 0.00 0.00 0 7 3 -10.00 -69.00 0.00
9 EURCHF 0.00 0.00 0.00 0.00 0 28 3 -64.00 -83.00 0.00
10 EURJPY 0.19 0.00 0.19 Contrarian 0.31 Down 0 14 14.00 98.00 0.00
11 EURCAD 0.00 0.00 0.00 0.00 0 15 2 -42.00 -100.00 0.00
12 EURAUD 0.00 0.00 0.00 0.00 0 36 0 82.00 -62.00 0.00
13 EURNZD Down Band 0.00 0.00 0.00 0.00 0 7 43 -3.00 62.00 0.00
14 GBPCHF 0.00 0.00 0.00 0.00 0 17 7 -26.00 -38.00 0.00
15 GBPJPY 0.20 0.00 0.20 Contrarian 0.28 Down 0 13 26.00 86.00 0.00
16 GBPCAD 0.00 0.00 0.00 0.00 0 16 7 -42.00 -92.00 0.00
17 GBPAUD 0.00 0.00 0.00 0.00 0 36 0 73.00 0.00 0.00
18 GBPNZD 0.00 0.00 0.00 0.00 0 1 26 9.00 97.00 0.00
19 CHFJPY 0.33 0.00 0.33 Contrarian 0.55 Down 0 15 62.00 63.00 0.00
20 CADCHF 0.00 0.00 0.00 0.00 0 0 14 -21.00 51.00 0.00
21 CADJPY 0.00 0.00 0.00 0.00 0 0 14 56.00 82.00 0.00
22 AUDCHF 0.00 0.00 0.00 0.00 Down 0 36 -86.00 0.00 0.00
23 AUDJPY 0.16 0.00 0.16 Aligned 0.29 Down 0 14 -45.00 57.00 0.00
24 AUDCAD 0.00 0.00 0.00 0.00 0 24 9 -72.00 -72.00 0.00
25 AUDNZD 0.00 0.00 0.00 0.00 0 0 17 -82.00 100.00 0.00
26 NZDCHF 0.00 0.00 0.00 0.00 0 43 4 -13.00 -78.00 0.00
27 NZDJPY 0.09 0.00 0.09 Contrarian 0.17 Down 0 7 8.00 95.00 0.00
28 NZDCAD 0.00 0.00 0.00 0.00 0 23 7 -11.00 -91.00 0.00
ID Pair Chart Collision Up Flag Dn Flag Flag Flag/Trend Alignment Reversal Probability Reversal Direction UB intact duration DB intact duration Trend Impulse ReversalHL

BandsMonitor Help

BandsMonitor monitors multiple Bollinger Band states for all of the symbols tracked by Selected Alpha. The primary state which is tracked by BandsMonitor is the flag of the Bollinger Bands – which measures how far the price is currently trading above the upper Bollinger Band or below the lower Bollinger Band in the absolute ATRs (Average True Ranges). Flag is calculated as the absolute ATR (Average True Ranges) distance between the latest closing price and the closest Bollinger Band (the price should be trading outside of the Bollinger Bands’ area). Higher Flag usually points to a higher probability of the intraday reversal toward the broken Bollinger Band. The instruments are by default sorted by Flag in BandsMonitor dashboard.

The second Bollinger Bands state tracked by BandsMonitor is the intact duration of the Bollinger Bands – which measures the number of daily bars from the last touch of the upper or the lower Bollinger Bands.

 

BandsMonitor Charts: The first of these charts shows the descending ranking of the active flags identified by Selected Alphas. The same descending rank is used in the BandsMonitor table above. Higher Flag indicates higher probability of the intraday reversal toward the broken Bollinger Band. The second chart graphically displays the number of days the upper and the lower Bollinger Bands were not touched for all of the symbols tracked by Selected Alpha. Higher intact duration increases the probability of the intraday/multi-day reversal from the Bollinger Bands. You can toggle the visibility of individual charts by clicking their labels at the bottom of the Bollinger Bands Intact Duration chart.

BandsMonitor table: This table list all flags identified by Selected Alpha – starting with the largest flag – which measures how far the price is currently trading above the upper Bollinger Band or below the lower Bollinger Band in the absolute ATRs (Average True Ranges). Flag is calculated as the absolute ATR (Average True Ranges) distance between the latest closing price and the closest Bollinger Band (the price should be trading outside of the Bollinger Bands’ area).

You can select flags which are aligned or contrary to the current trend using the “Flag/Trend Alignment” column. Reversal probability measures the expected probability of the intraday reversal given the magnitude of the active flag (based on the past action of each trading instrument). “Reversal Direction” column shows the direction of the likely intraday reversal.

The next two columns show the number of the trading days since the last time the price touched the lower Bollinger Band (“LB Intact Time”) and the upper Bollinger Band (“UB Intact Time”).

Collision is a special indicator which tracks when the price is approaching up/down Bollinger Band – after it was not touched for a minimum of 15 trading days (3 weeks).  The higher the number of days the bands have not been touched the higher the probability of the intraday reversal from them.

Previous Candles

ID Pair Chart CandleScore Buy/Sell MultiCandle Harbinger PowerCandle Bullish Engulfing Bearish Engulfing Piercing Line Dark Cloud Morning Star Evening Star Doji Buy Doji Sell Hammer Shooting Star Torch Buy Torch Sell Flying Buy Flying Sell Long-Legged Buy Long-Legged Sell Candle Middle Candle Flag Trend Impulse Trend Alignment Impulse Alignment Sup/Res Zone RSI OS Stochastic OS RSIdiv10
1 EURUSD 0.00 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0.00 -75.00 -87.00 0 0 0.00 0 Oversold Bullish Divergence
2 GBPUSD 0.00 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0.00 -22.00 -44.00 0 0 0.00 0 0 0
3 USDCHF 0.00 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0.00 -4.00 51.00 0 0 0.00 0 0 0
4 USDJPY 0.00 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0.00 55.00 95.00 0 0 0.00 Overbought Overbought 0
5 USDCAD 0.00 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0.00 -7.00 -57.00 0 0 0.00 0 Oversold 0
6 AUDUSD 18.57 Sell -2.00 0 0 0 0 0 0 0 0 0 Doji Sell 0 0 0 Torch Sell 0 0 0 0 0.7358 0.39 -66.00 93.00 Aligned Contrarian 309.39 0 Overbought 0
7 NZDUSD 0.00 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0.00 -27.00 -58.00 0 0 0.00 0 0 0
8 EURGBP 0.00 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0.00 -10.00 -69.00 0 0 0.00 0 Oversold 0
9 EURCHF 0.00 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0.00 -64.00 -83.00 0 0 0.00 0 Oversold 0
10 EURJPY 15.07 Sell -1.00 0 0 0 0 0 0 0 0 0 0 0 0 0 Torch Sell 0 0 0 0 130.9860 0.53 14.00 98.00 Contrarian Contrarian 248.04 0 Overbought 0
11 EURCAD 0.00 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0.00 -42.00 -100.00 0 0 0.00 Oversold Oversold 0
12 EURAUD 16.18 Buy 2.00 Harbinger 0 0 0 0 0 0 0 Doji Buy 0 0 0 Torch Buy 0 0 0 0 0 1.5700 0.40 82.00 -62.00 Aligned Contrarian 253.70 0 Oversold 0
13 EURNZD 0.00 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0.00 -3.00 62.00 0 0 0.00 0 Oversold 0
14 GBPCHF 0.00 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0.00 -26.00 -38.00 0 0 0.00 0 0 0
15 GBPJPY 15.44 Sell -1.00 0 0 0 0 0 0 0 0 0 0 0 0 0 Torch Sell 0 0 0 0 154.2455 0.71 26.00 86.00 Contrarian Contrarian 267.67 0 Overbought 0
16 GBPCAD 0.00 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0.00 -42.00 -92.00 0 0 0.00 0 Oversold Bullish Divergence
17 GBPAUD 10.64 Buy 2.00 0 0 0 0 0 0 0 0 Doji Buy 0 0 0 Torch Buy 0 0 0 0 0 1.8488 0.33 73.00 0.00 Aligned 0 125.85 0 Oversold 0
18 GBPNZD 0.00 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0.00 9.00 97.00 0 0 0.00 0 0 0
19 CHFJPY 41.97 Sell -4.00 Harbinger PowerCandle 0 0 0 Dark Cloud 0 0 0 0 0 Shooting Star 0 Torch Sell 0 Flying Sell 0 0 122.1195 1.16 62.00 63.00 Contrarian Contrarian 345.35 Overbought Overbought 0
20 CADCHF 0.00 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0.00 -21.00 51.00 0 0 0.00 0 Overbought 0
21 CADJPY 0.00 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0.00 56.00 82.00 0 0 0.00 Overbought Overbought 0
22 AUDCHF 9.64 Sell -1.00 0 0 0 0 0 0 0 0 0 0 0 0 0 Torch Sell 0 0 0 0 0.6828 0.61 -86.00 0.00 Aligned 0 91.67 0 Overbought 0
23 AUDJPY 22.98 Sell -2.00 0 PowerCandle 0 0 0 0 0 0 0 0 0 0 0 Torch Sell 0 Flying Sell 0 0 83.3935 0.98 -45.00 57.00 Aligned Contrarian 580.06 Overbought Overbought 0
24 AUDCAD 0.00 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0.00 -72.00 -72.00 0 0 0.00 0 0 Bullish Divergence
25 AUDNZD 0.00 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0.00 -82.00 100.00 0 0 0.00 Overbought Overbought 0
26 NZDCHF 0.00 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0.00 -13.00 -78.00 0 0 0.00 0 0 0
27 NZDJPY 20.53 Sell -2.00 0 0 0 0 0 0 0 0 0 Doji Sell 0 0 0 Torch Sell 0 0 0 0 78.6845 0.62 8.00 95.00 Contrarian Contrarian 289.74 0 Overbought Bearish Divergence
28 NZDCAD 0.00 0 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0.00 -11.00 -91.00 0 0 0.00 0 Oversold 0
ID Pair Chart CandleScore Buy/Sell MultiCandle Harbinger PowerCandle Bullish Engulfing Bearish Engulfing Piercing Line Dark Cloud Morning Star Evening Star Doji Buy Doji Sell Hammer Shooting Star Torch Buy Torch Sell Flying Buy Flying Sell Long-Legged Buy Long-Legged Sell Candle Middle Candle Flag Trend Impulse Trend Alignment Impulse Alignment Sup/Res Zone RSI OS Stochastic OS RSIdiv10

Forming Candles

ID Pair Chart CandleScore Buy/Sell MultiCandle Harbinger Bullish Engulfing Bearish Engulfing Piercing Line Dark Cloud Morngin Star Evengin Star Doji Buy Doji Sell Hammer Shooting Star Torch Buy Torch Sell Flying Buy Flying Sell Long-Legged Buy Long0Legged Sell Candle Middle Power Candle Candle Flag Trend Impulse Trend Alignment Impulse Alignment Sup/Res Zone RSI OS Stochastic OS RSIdiv10
1 EURUSD 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0 0 -75.00 -87.00 0 0 0 0 Oversold Bullish Divergence
2 GBPUSD 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0 0 -22.00 -44.00 0 0 0 0 0 0
3 USDCHF 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0 0 -4.00 51.00 0 0 0 0 0 0
4 USDJPY 5.13 Sell -1 Harbinger 0 0 0 Dark Cloud 0 0 0 0 0 0 0 0 0 0 0 0 113.3975 0 0.613714333 55.00 95.00 Contrarian Contrarian 490.88183 Overbought Overbought 0
5 USDCAD 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0 0 -7.00 -57.00 0 0 0 0 Oversold 0
6 AUDUSD 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0 0 -66.00 93.00 0 0 0 0 Overbought 0
7 NZDUSD 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0 0 -27.00 -58.00 0 0 0 0 0 0
8 EURGBP 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0 0 -10.00 -69.00 0 0 0 0 Oversold 0
9 EURCHF 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0 0 -64.00 -83.00 0 0 0 0 Oversold 0
10 EURJPY 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0 0 14.00 98.00 0 0 0 0 Overbought 0
11 EURCAD 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0 0 -42.00 -100.00 0 0 0 Oversold Oversold 0
12 EURAUD 6.07 Buy 1 Harbinger Bullish Engulfing 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.5700 0 0.402043095 82.00 -62.00 Aligned Contrarian 253.7031189 0 Oversold 0
13 EURNZD 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0 0 -3.00 62.00 0 0 0 0 Oversold 0
14 GBPCHF 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0 0 -26.00 -38.00 0 0 0 0 0 0
15 GBPJPY 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0 0 26.00 86.00 0 0 0 0 Overbought 0
16 GBPCAD 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0 0 -42.00 -92.00 0 0 0 0 Oversold Bullish Divergence
17 GBPAUD 3.99 Buy 1 0 Bullish Engulfing 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.8499 0 0.329407422 73.00 0.00 Aligned 0 125.8532934 0 Oversold 0
18 GBPNZD 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0 0 9.00 97.00 0 0 0 0 0 0
19 CHFJPY 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0 0 62.00 63.00 0 0 0 Overbought Overbought 0
20 CADCHF 5.44 Sell -1 0 0 Bearish Engulfing 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.7448 0 0.30488109 -21.00 51.00 Aligned Contrarian 466.1229816 0 Overbought 0
21 CADJPY 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0 0 56.00 82.00 0 0 0 Overbought Overbought 0
22 AUDCHF 4.82 Sell -1 0 0 Bearish Engulfing 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.6828 0 0.606717446 -86.00 0.00 Aligned 0 91.66953102 0 Overbought 0
23 AUDJPY 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0 0 -45.00 57.00 0 0 0 Overbought Overbought 0
24 AUDCAD 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0 0 -72.00 -72.00 0 0 0 0 0 Bullish Divergence
25 AUDNZD 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0 0 -82.00 100.00 0 0 0 Overbought Overbought 0
26 NZDCHF 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0 0 -13.00 -78.00 0 0 0 0 0 0
27 NZDJPY 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0 0 8.00 95.00 0 0 0 0 Overbought Bearish Divergence
28 NZDCAD 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0000 0 0 -11.00 -91.00 0 0 0 0 Oversold 0
ID Pair Chart CandleScore Buy/Sell MultiCandle Harbinger Bullish Engulfing Bearish Engulfing Piercing Line Dark Cloud Morngin Star Evengin Star Doji Buy Doji Sell Hammer Shooting Star Torch Buy Torch Sell Flying Buy Flying Sell Long-Legged Buy Long0Legged Sell Candle Middle Power Candle Candle Flag Trend Impulse Trend Alignment Impulse Alignment Sup/Res Zone RSI OS Stochastic OS RSIdiv10

CandleRadar Help

CandleRadar is constantly scanning the markets for the forming daily candle patterns as well as lists the previous daily candlesticks patterns for all of the instruments tracked by Selected Alpha. The candlestick patterns are sorted by CandleScore rank which takes in multiple factors to evaluate the reversal potential of a candlestick pattern (the probability the price will reverse the next day). Selected Alpha uses MultiCandle approach to candle pattern identification – meaning it can evaluate multiple simultaneous candlesticks patterns (e.g. Shooting Star Doji), give them a total weighted CandleScore rank and label on them on the charts accordingly. Each candlestick pattern is labelled on the charts with the legend detailing the name of each label.

Note: Selected Alpha introduces the New Candlestick Reversal Pattern – Torch. This pattern occurs after strong price impulse and marks the moment when trader indecision can lead to sharp reversal of the previous price impulse. Torch formations are labelled as “T” on the charts. Torches are best combined with other reversal patterns like Doji, Shooting Star, Flying and others.

CandleRadar charts: The first of these charts shows the ranking of the candlestick patterns by their corresponding CandleScore rating. The first of these charts shows the descending CandleScore ranking of the previous candlestick patterns identified by Selected Alpha. The second of these charts shows the descending CandleScore ranking of the forming candlestick patterns identified by Selected Alpha. Forming candles are best considered at the end of the trading session of the corresponding trading instruments and sometimes offer early entry ideas before important price reversals.

CandleRadar tables for the forming and the previous candlestick patterns list the identified candlestick patterns in the descending order starting with the patterns with the highest CandleScore. The CandleRadar table lists the following additional candlestick pattern attributes:

  1. MultiCandle: Show the number of the candlestick patterns occurring simultaneously. Minus sign denotes bearish MultiCandle patterns.
  2. Harbinger: Candlestick pattern forms after the strong upward or downward impulse.
  3. PowerCandle: Most of the candlestick pattern stands beyond the upper or the lower Bollinger Bands.
  4. Flying: All of the candlestick pattern stands beyond the upper or the lower Bollinger Band.
  5. Candle Middle: Shows the midpoint of the candlestick pattern.
  6. Candle Flag: Shows how far the top of the candlestick pattern stands above the upper Bollinger or how far the bottom of the candlestick pattern stands below the lower Bollinger in ATRs (Average True Ranges).

You can select the Trend and Impulse Alignment of each candlestick pattern as well as sort the candlestick patterns on the strength of the nearby support/resistance areas near the patterns.

Top Affected Pairs

FX Sentiment Help & Disclaimer

Intraday Sentiment vs Currency Impulse chart: This chart compares the intraday sentiment for each of the currencies with the average daily impulse strength calculated for each of the currencies. Right-directed bars indicate bullish intraday sentiment and bullish currency impulse. Left-directed bars indicate bearish intraday sentiment and bearish currency impulse. When both the intraday sentiment and the currency impulse are aligned there is a higher probability the prices of the affected currency pairs will move accordingly.

 

 

Intraday Sentiment Waves: This chart shows how the intraday sentiment develops for each of the currencies from today’s open. You can see larger version of this chart along with the individual sentiment waves for each of the 8 major currencies on the Sentiment Waves Tab. Currency sentiment is ranked from -100 (extreme bearish sentiment) to +100 (extreme bullish sentiment).

Note: You can toggle currency waves visibility by clicking currency names at the bottom of this chart. In this way you can compare the sentiment waves affecting any of the currency pairs (e.g. EUR and USD sentiment waves would directly affect EURUSD).

 

 

Sentiment Trades Table: This table lists the top 10 active sentiment trades as are selected by our intraday sentiment ranking algorithm. Sentiment trades can be either sentiment aligned or contrary to the active sentiment according to the strength of the active FX trade flows.  The table also shows if the sentiment trade is aligned with the trend or the active impulse of each currency pair. If a sentiment trade is aligned with the active impulse it is considered a Synergetic Sentiment Trade.  By accessing this page you agree that these trade ideas cannot be considered an investment advice and you take these at your own risk. 

 

These three charts show the relative standing of each currency pair in relation to the other primary currencies based on the 3 parameters:

  • Total Sell and Buy Barriers of the corresponding currency pairs which are affected by the given currency. The Total Sell and Buy Barriers for each currency and is calculated based on the individual currency pair support and resistance zones. For example, EURUSD support zone of 345 RealStrength points is treated as the as the Sell Barrier for euro and Buy Barrier for the U.S. dollar. Such barriers are summed and normalized for each of the currencies. Higher Buy Barrier means there is stronger cumulative barrier for buying a particular currency (for example, for GBP buy barrier – there is a strong support below for EURGBP and strong resistance above GBPUSD).
  • Currency RSI: Currency RSI shows the normalized average RSI for each of the primary currencies based on the individual linked currency pairs. Higher average normalized RSI means the currency is approaching the overbought RSI reading on most linked pairs where it is the first currency in the currency pair (eg. Euro) and/or the currency is approaching the oversold RSI reading on most linked pairs where it is the second currency in the currency pair (e.g. yen). Significantly overbought or oversold currencies are prone to the correction of the active sentiment impulses.
  • Currency CandleScore: Currency RSI shows the normalized total CandleScore for each of the currencies. This chart shows the forming and the previous CandleScore – which is calculated based on the cumulative strength of the forming/previous candlestick signals for each of the linked currency pairs. Stronger bullish previous CandleScore shows that the price formed predominantly bullish reversal patterns on linked currency pairs where it is the first currency in the currency pair (eg. EURUSD forming yesterday daily Hammer for Euro CandleScore) and/or the price formed predominantly bearish reversal patterns on linked currency pairs where it is the second currency in the currency pair (eg. CADJPY forming yesterday daily Shooting Star for JPY CandleScore). High Currency CandleScore shows important sentiment reversals which occurred during the last session (Previous CandleScore) or in real time (Forming CandleScore).

Sentiment Waves Help

Intraday Sentiment Waves: This chart shows how the intraday sentiment develops for each of the currencies from today’s open. Currency sentiment is ranked from -100 (extreme bearish sentiment) to +100 (extreme bullish sentiment). Below this chart you will see individual currency sentiment waves charts which allow for easier individual sentiment wave analysis.

Note: You can toggle currency waves visibility by clicking currency names at the bottom of this chart. In this way you can compare the sentiment waves affecting any of the currency pairs (e.g. EUR and USD sentiment waves would directly affect EURUSD).

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