Another great forex session as the US markets get underway following the overnight news in the Far East and in particular with regard to the Aussie dollar. Once again some great examples of volume price analysis in action which then provides the foundation for all the other technical analysis on the chart and supported by the Quantum Trading indicators.
For forex traders the Quantum Trading currency dashboard is a great place to start with the currency strength indicator revealing individual strength and weakness across the eight major currencies. Then it’s on to the currency matrix and the currency array to consider the pairs and the complex of currencies, before moving finally to the currency heatmap.
The importance of using multiple timeframes is once again highlighted both on the charts themselves and also on the indicators, with key indicators such as the trend monitor and trend dots helping to keep you in a position during the inevitable pause points in any trend higher or lower, with some great examples on the EUR/USD and other pairs.