Category: MT4 indicators

How the MT5 currency matrix reveals market sentiment

currency matrix MT5

In this video which comes towards the end of the London session and the start of the US session, we highlight how the currency matrix helps to identify the universal sentiment to the Canadian dollar. In this example the USD dollar has been strongly bullish before reversing to bearish and coupled with very strong buying… Read more »

Using the MT5 CSI currency strength indicator for scalping

In this short video we explain the power of using the Quantum Trading currency strength indicator in multiple timeframes on the MT5 platform. And in this example we are using the MT5 platform once again which provides a much wider choice of timeframes using both the standard and custom options. Here we have the currency… Read more »

MT5 yen index daily chart now turning bearish

MT5 yen index

The daily yen index on our MT5 platform is now starting to signal a change in the bullish trend for the yen, which is seen all the yen pairs move strongly lower over the last few weeks. Now with markets starting to accept the trade negiotiations are perhaps not as bad as first expected, and… Read more »

Classic VPA on GBP/JPY

A classic VPA on 5 min chart of GBP/JPY on the release of NFP today. Huge down candle on light volume, before we saw a switch back higher as market absorbed poor numbers, and likelihood of a September FED hike in interest rates disappear faster than snow in July. The trigger of the volatility indicator… Read more »

Divergence in euro complex

From a technical perspective last week was not an easy one for the euro with a divergence of sentiment across the complex. Against the USD it found some much needed support at the 1.0825 support level, which provided the springboard for a move up and through the VPOC on the daily chart at the key… Read more »

Gold continues to shine

Some solid gains for gold last week as the precious metal ended last week in a bullish mood following an extended period of price consolidation within the spread of the volatility candle triggered back in early February. Cannot stress the importance of this candle, moving as it did way beyond the average true range for… Read more »

Sterling bears out in force

A worse than expected UK manufacturing production figure of -0.4% against a forecast of 0.1% (-0.4% was the figure in December) has given sterling bears a further excuse to sell the currency, with some really nice downtrends in a number of GBP pairs. In addition industrial production also followed a similar trend coming at -0.7%… Read more »

Watching the euro

Following last week’s turbulent price action, no surprise that today the markets have been a litte muted with the added bonus the Shanghai Composite only fell 5% in overnight trading. And with Japan closed for it’s annual Coming of Age Holiday even the Nikkei could take a day off! Meantime last Friday the euro was… Read more »

Kiwi roaring higher on the currency strength indicator

Good to see the Kiwi on a bit of tear (the white line on the currency strength indicator), but comes as no surprise given how oversold it was at the end of last week. We’ve been tracking the NZD/USD which has had a huge move higher overnight & broken through the VPOC on the daily… Read more »

NZD and USD in focus on the currency strength indicator

Thanks to everyone for coming along to our forex webinar for the London session earlier, where our focus was the euro & eurodollar, particularly with some pretty heavy option expiry strike prices due up later today. Also in view was the kiwi which was in a similar state to the British pound ahead of Chancellor Osborne’s autumn… Read more »