https://youtu.be/ZHhXr93Aowo
Currency Matrix Reveals Sentiment for the British Pound
The currency matrix reveals sentiment for the British pound clearly. It shows GBP performance against all majors. This relational view exposes strength or weakness. Traders spot pound bias early. A terrific trading session as the London markets get underway with heavy selling of the British pound across the complex and clearly signalled on the currency matrix indicator for MT5.
How the Matrix Highlights GBP Sentiment
The matrix ranks GBP in crosses like GBP/USD, GBP/JPY, or EUR/GBP. Consistent green cells signal bullish sentiment. Red cells warn of bearish pressure. Volume price analysis (VPA) confirms—high volume on moves validates the matrix ranking.
Practical Insights from GBP Matrix
Strong GBP across pairs shows demand. This often ties to UK data or risk-on flows. Weak GBP signals selling. Safe-haven yen strengthens in crosses. Quantum currency matrix on MT5 or NinjaTrader updates live. It makes relational sentiment visual and instant.
Combining with VPA for Better Trades
VPA adds conviction. High volume on GBP upmoves...
In this forex trading session, we take a closer look at the volatility indicator on the GBP/JPY and also explain the importance of the values on the currency matrix as currency pairs approach the extremes.
https://youtu.be/op3yikVM1RA...
https://youtu.be/eJf2Nkp39xE
Reversals Clearly Signalled on the Currency Strength Indicator & Multiple Timeframes
Reversals are often signalled clearly on the currency strength indicator. Extreme readings show overbought or oversold conditions. When combined with multiple timeframes, these signals become even stronger. This approach reduces false alarms.
As we prepare for yet another Brexit dominated day, the British pound was one of several currencies in focus in the London forex trading session this morning, along with the euro and the New Zealand dollar.
For the euro, it was the early move higher which caught the eye with the currency rising strongly in the faster timeframes and on the currency strength indicator, with the Canadian dollar moving in the opposite direction with equal speed and creating a nice trend. Then as London opened, volatility became the order of the day with a potential reversal setting up.
This was also the case with the New Zealand dollar which had been rising strongly and reached an overbought condition, clearly signalled on...
Morning Bid Levels Trigger Intraday Bounce for EUR/USD
Morning bid levels triggered an intraday bounce for EUR/USD. Early buying support appeared at key zones. This reversed initial weakness. Price climbed steadily as buyers stepped in.
In our forex webinars we now also consider the order boards - in other words those potential buy and sell orders posted by the institutions, & if you can get hold of these I would strongly suggest you watch them (particularly) at the beginning of any session, as they really do influence the price action.
Whilst this morning's level confirmed the selling we have been seeing driven by US dollar strength and equally concerns over Greece, what's more important is where price is likely to pause & perhaps even rebound slightly. The 1.0885 was the first bid level and is was no surprise to see this hit and buyers step into the market. This doesn't negate the bearish sentiment for eurodollar, but at least we know where the...
