In the US forex session focus was on the euro and the British pound, both of which benefitted from fundamental news, with the GBP rising strongly on retail sales and the single currency falling on an inflation report from the ECB. All of this was revealed on the currency matrix and the currency strength indicators from Quantum Trading.
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Aussie Dollar the One to Watch on the Currency Strength Indicator and Currency Matrix
The Aussie dollar is the one to watch right now. It stands out on the currency strength indicator. AUD ranks high against majors. This signals relative strength. The currency matrix confirms it with bold colors across pairs.
In the London forex session, the pair to watch was the AUD/CAD with the Aussie dollar rising strongly and the Canadian dollar falling equally strongly on the faster timeframes of the currency strength indicator, with the currency matrix indicator confirming this sentiment.
Why AUD Leads the Pack
Commodity links drive AUD performance. Rising risk appetite boosts it. Volume price analysis (VPA) supports the move—high volume on up candles shows conviction. Quantum's strength indicator and matrix on MT5 or NinjaTrader highlight AUD extremes clearly.
Trading Insights for AUD Focus
Pair AUD with weaker currencies like JPY or EUR for trends. Watch AUD/USD or AUD/JPY. Pullbacks with volume buying offer entries. Anna Coulling's VPA approach uses relational...
https://youtu.be/BNsGvtj_3a4
The Currency Strength Indicator Reveals All in Thin Markets!
The currency strength indicator reveals all in thin markets. Low volume creates deceptive calm. Price action alone can mislead. This tool exposes underlying relational strength and weakness clearly.
The currency strength indicator truly reveals all whatever the conditions, where low volume can mask underlying sentiment and create deceptive calm. In these conditions, traditional price action alone often fails to show true intent, but the indicator—combined with volume price analysis (VPA)—exposes subtle shifts in relational strength and weakness across pairs. Developed as part of the Quantum Trading suite by Anna Coulling, it highlights overextensions or emerging leaders when liquidity is low, helping traders avoid traps and spot early reversals or continuations.
Whether monitoring majors during holidays or quiet sessions, this tool cuts through the noise, providing clear insights into risk appetite without relying on high-volume confirmation. For forex traders, it's an essential edge in navigating thin markets confidently on platforms like MT4/MT5, TradingView or NinjaTrader.
Why...
https://youtu.be/-UXiblDcAho
What a combination, and even in thin markets, the renko indicator from Quantum Trading with the trend monitor and trends indicators deliver. With the US markets closed for the 4th July celebrations, volumes were thin, but with the renko indicator coupled with the trends and trend monitor indicator scalping trades were delivered....
The London forex session delivered a terrific trade on the GBP/AUD, as strength in the Aussie dollar coupled with weakness in the British pound sent the pair falling overnight and into Europe. A great example of how to use the trend monitor indicator across multiple timeframes, and its power at keeping you in to maximise profits with the currency strength indicator signalling those all important reversals and pullbacks.
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How to Find the Best Trades Using the Currency Strength Indicator & Currency Matrix
Finding the best trades starts with relational analysis. The currency strength indicator ranks currencies by performance. The currency matrix shows cross-pair dynamics. Together, they highlight extremes for high-probability setups.
The starting point for finding the best trades for forex starts with the currency strength indicator, and from there moving on to the currency matrix. Isolating out the currencies and using the bookmark function then provides an excellent focus.
Step 1: Spot Extremes on the Strength Indicator
Look for currencies at the top (strong) or bottom (weak). These extremes signal potential trends or reversals. Pair strongest with weakest for momentum plays. Volume price analysis (VPA) confirms conviction on moves.
Step 2: Use the Matrix for Confirmation
The currency matrix reveals inter-pair relationships. It shows how one currency affects others. Focus on bold colors for overbought/oversold. Quantum tools on MT5 or NinjaTrader make this visual and easy.
Practical Tips for Better Trades
Combine both for filtered...
https://youtu.be/LN4yZczBt0s
Euro, Yen and Pound in Focus as London FX Opens
Euro, yen, and pound take centre stage as London FX opens. These majors drive early volatility. Traders watch for sentiment clues. Risk-on or risk-off flows often emerge here. In this morning's forex session, David and I started with a look at the EUR/CAD. This is a pair I highlighted a few days ago on my site. It is an interesting confluence of the fundamental, the technical, and the relational. We explain this in great detail in the Quantum Trading forex education program.
Why These Currencies Matter at London Open
London overlap brings high liquidity. Euro reacts to ECB hints. Yen reflects safe-haven demand. Pound ties to UK data. Volume price analysis (VPA) spots conviction—high volume on moves confirms direction.
Practical Trading Insights
Focus on EUR/USD, USD/JPY, and GBP/USD. Currency strength indicator ranks them quickly. Quantum matrix on MT5 or NinjaTrader highlights relational extremes. Anna Coulling's VPA approach navigates open-hour noise effectively.
Euro, yen, and pound in...
https://youtu.be/xTPs_2Ws7aQ
In this video we highlight the currency strength indicator and the currency array indicator for NinjaTrader, and the importance of understanding universal flow in the market. Here we see strong buying for the British pound and the euro which is reflected in the charts, but is sentiment for the two currencies universal across the complex, and this is where the currency array indicator steps in to help. In the ranking ladder to for the currency array we can see sentiment for the GBP is universal with strong buying in all the pairs.
For the euro this is not the case and highlighting the key point, which is to choose your currency pairs with care. Trading against the universal market sentiment is fine, as long as are aware that this is indeed the case. Most forex traders are not, and so assume the market is universally bullish or bearish on the currency which is often not the case at all!!...
https://youtu.be/tYxQgRGHcjI
How the MT5 Currency Matrix Reveals Market Sentiment
The MT5 currency matrix reveals market sentiment clearly. It displays relational strength across all major pairs. A heatmap format ranks currencies visually. Strong ones appear in green. Weak ones show in red. This exposes overall mood instantly.
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 of the Canadian dollar, which is shown on the currency strength indicator.
On the currency matrix we then isolate our the Canadian dollar which confirms that sentiment across the CAD complex is universal. In other words, the CAD is being bought against all other primary currencies and as revealed on the 10 minute ranking ladder with the 20 minute timeframe starting to develop...
Aussie Waits on RBA
The Aussie dollar waits on RBA decisions. Rate holds or changes drive volatility. Traders watch closely for clues on monetary policy. This often sets the tone for AUD pairs.
Some really nice two way price action on the Aussie complex which started overnight on the release of Chinese data, namely GDP, the Industrial Production and the Fixed Asset Investment numbers. The hourly chart for the complex clearly shows volatility candles being triggered across the board (as denoted by the purple arrows), with the Aussie rising sharply before moving back inside the spread of the volatility candle. This momentum was also signaled on the currency strength indicator before the currency moved into a consolidation phase in the transition to the European and London sessions.
Further Gains
There were further gains for the Aussie in the morning session, until bullish momemtum drained away which resulted in some great trades to the short side. These were particularly evident in the AUD/USD, GBP/AUD and...
