Terrific Trend on the EUR/AUD This Morning
A terrific trend unfolded on EUR/AUD this morning. This cross pair delivered strong momentum. Price moved steadily higher. The London session amplified it. Traders spotted clear opportunities.
In this morning’s forex trading session with Anna and David, one of the currency pairs they focused on was the EUR/AUD, which was the strongest-performing currency pair in the currency matrix. The 60-minute currency strength indicator confirmed the longer-term position, with the euro (the orange line) climbing strongly towards the overbought region on the indicator, with the Aussie dollar ( the blue line) moving firmly towards the oversold region in this timeframe.
The 5-minute chart alongside reflects the trend, with the trend monitor maintaining the bullish picture, and only moving into a transitional colour during the minor congestion periods. The trend monitor sister indicator, the trend dots, completes the picture and highlights these congestion phases in advance.
Volumes throughout the move were in agreement and confirming the bullish sentiment for the pair with the accumulation and distribution indicator on NinjaTrader, highlighting the keys areas of support and resistance. The support platform at 1.4252 held firm during the minor reversal lower, with resistance at 1.4312 then breached, and providing a solid platform to a further move higher.
Why EUR/AUD Shines in the London Session
EUR/AUD benefits from Asian/London overlap. Flows from Tokyo carry into Europe. High liquidity creates smooth trends. Commodity links (AUD) and euro policy add drivers. Volume price analysis (VPA) confirms conviction—high volume on up candles shows buying pressure.
VPA and Quantum Insights
Volume price analysis revealed the trend’s strength. Rising prices with increasing volume validated continuation. Low volume pullbacks offered entries. Quantum Trend Monitor on MT5 or NinjaTrader stayed aligned bullish. Currency matrix highlighted the relational edge.
Practical Trading Takeaways
EUR/AUD trends reward patience. Enter on volume-confirmed pullbacks. Trail stops on continuation. Anna Coulling’s VPA approach with Quantum tools turns cross-pair volatility into disciplined trades. London session often delivers these setups.
This morning’s EUR/AUD trend was terrific. Quantum indicators make spotting and trading it reliable. Stay volume-focused for consistent results in crosses.
Trading Gold on the MT5 Platform During the London Session
Another market to consider is gold. Gold delivers strong opportunities during the day trading session. This precious metal reacts to risk sentiment. Volatility creates clear moves. Traders spot high-probability setups in XAU/USD.
Why Gold Shines in Day Sessions
Gold often leads intraday action. Safe-haven demand or risk-on flows drive it. US session overlap amplifies swings. Volume price analysis (VPA) confirms conviction—high volume on moves shows real participation. Low-volume spikes warn of traps.
Gold’s Relationship with the US Dollar and Safe Haven Status
Gold has a classic inverse relationship with the US dollar. Strong USD pressures gold lower—higher yields make non-yielding gold less attractive. Weak USD boosts gold as it becomes cheaper for foreign buyers. This correlation is strong but not perfect.
Gold’s safe-haven status adds another layer. During risk-off (equities fall, uncertainty rises), investors flock to gold. This drives rallies even if USD strengthens. VPA spots these shifts—high volume on gold upmoves during stock drops confirms safe-haven buying.
Specific Entry Tips for Gold Day Trading
Use these VPA-based entry tips on MT5:
- Trend Continuation Entry: Gold rallies on high volume. Pullback to support (e.g., VPOC) holds on low volume. Enter long on rebound candle with rising volume. Quantum Trend Monitor green confirms alignment.
- Reversal Entry: Price new high on low volume—divergence. Wait for bearish candle closing weak on high volume. Short entry on break lower. Accumulation/Distribution turning negative adds conviction.
- Breakout Entry: Gold consolidates near resistance. High volume spike breaks level. Enter in direction on close. Avoid low volume breaks—likely traps.
- Safe-Haven Entry: Risk-off news (e.g., equity drop). Gold spikes on high volume. Long entry on pullback with volume support.
Always wait for volume confirmation. Use tight stops beyond recent swings. Targets at next VPOC or resistance.
VPA Signals for Gold Day Trading
Look for accumulation at lows. High volume support signals buying. Distribution at highs appears on low volume advances. Quantum indicators on NinjaTrader or MT5 highlight these. VPOC marks key levels. Trend Monitor aligns momentum.
Practical Tips for Gold Traders
Focus on London/US overlap for liquidity. Enter on volume-confirmed breakouts. Pullbacks with support offer entries. Anna Coulling’s VPA approach turns gold volatility into disciplined trades. Quantum tools make timing reliable.
Gold delivers consistently in day sessions. Quantum indicators with VPA provide the edge. Stay patient—wait for volume confirmation. Turn precious metal moves into profitable opportunities.
By Anna Coulling
Creator of Volume Price Analysis