Home EUR/USD: A Touch Of Machine Learning On EUR/USD; What Does It Show? – BofAML
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EUR/USD: A Touch Of Machine Learning On EUR/USD; What Does It Show? – BofAML

EUR/USD has been on a recovery path but still looks hesitant. What’s next?

Here is their view, courtesy of eFXdata:

Bank of America Merrill Lynch Research discusses its findings  in using a touch of machine learning on EUR/USD  in studying the current state via fundamental  and survey  data,  employing  both supervised and unsupervised learning on various  forms  of  transformation.

“Machine  learning is a method that  uses statistical techniques  to  learn from data, identify patterns and make decisions”.

“Our surprised learning via SVM indicates we are currently at the boundary of state  2 near the support vector hyperplane. The implication is that it is highly unstable and likely to migrate to a nearby state.  

If such conjecture turns out to  be valid,  it would suggest that  the  Eurodollar  has further downside while vol is likely to remain range bound,” BofAML concludes.  

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Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.