The power of the volatility indicator as forex markets explode into life!

The power of the volatility indicator as forex markets explode into life!

Once again it is the power of the volatility indicator which is revealed as the forex markets exploded into life ahead of the London open, with the Japanese Yen and the Swiss Franc selling off sharply, with equally strong buying of the commodity currencies. With the volatility indicator signalling a move outside the average true range, and with indices also spiking them reversing, a strong reversal then took place as expected. https://youtu.be/_9OzIzwDDdU...
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Currency indicators lead the way as London forex markets open

Currency indicators lead the way as London forex markets open

The currency strength indicator and the currency matrix along with the currency array for MT5 and NinjaTrader were much in evidence as the London forex session opened with markets becalmed after the last few days of furious price action! https://youtu.be/shLddsGu918...
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The currency matrix and what it reveals with the currency strength indicator

The currency matrix and what it reveals with the currency strength indicator

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. https://youtu.be/EVmITtpCw2Y...
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The currency strength indicator reveals all in thin markets!

The currency strength indicator reveals all in thin markets!

https://youtu.be/BNsGvtj_3a4...
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Using the Quantum tools and indicators in the London forex session

Using the Quantum tools and indicators in the London forex session

A shorter session than usual for technical reasons, but nevertheless some great price action as the London forex markets open. https://youtu.be/fw0LcOh9mwo...
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Using the currency strength indicator & currency array, as US dollar sells heavily!

https://youtu.be/y_1RtKZFI3U In this video we explain how to use the currency strength indicator and the currency array indicator in tandem, as they reveal the opportunities available for selling the US dollar. The two indicators are part of the Quantum Trading currency dashboard with the currency matrix and the currency heatmap then completing the full complement of MT5 indicators for trading forex. Here we have a great example of the importance of seeing the universal market sentiment. The market is selling the US dollar across the US dollar complex, and so trading with the flow of sentiment is a lower risk proposition. As we can see, this is clearly revealed on the currency array, as indeed is the strength of the momentum in the pairs. In addition, the currency strength indicator is also revealing this very strong negative sentiment towards the US dollar by the steepness of the lines on the indicator, with the Canadian dollar being bought equally strongly, along with the...
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MT5 currency strength indicator in action

MT5 currency strength indicator in action

https://youtu.be/CVV1hQegI-Q In this video we show the Quantum Trading MT5 currency strength indicator in action, and focus in particular on the Japanese yen. This has been the ' go to' currency for the last few weeks as risk on and risk off sentiment has ebbed and flowed intraday, and reflected particularly in the yen cross pairs. In this example we have the 15 minute chart for the NZD/JPY with the currency strength indicator giving us all the clues and signals for this strong trend higher, with the New Zealand dollar being bought strongly, and the Japanese yen being sold equally strongly. The currency strength indicator is now available for both MT4 and MT5 platforms. You can find all the details by clicking the following link - Currency Strength Indicator MT4/MT5...
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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% against a forecast of 0%, and declining further against last month's number of 0.1%, The data injected volatility into the sterling pairs, with volatility candles triggering in the faster time frames. Cable managed to find some minor support at 1.4458, before moving lower, and what is significant is that the hourly CSI is showing GBP as likely to be moving steadily lower, and we will have to wait for the US session to see if there is any halt to the current bearish momentum....
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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 the currency to watch as it ended the trading week on a burst higher against most of its counterparts, and posting very positive candles on the daily charts. However, despite an early follow through today's trading session for the euro has been marked by some great trades to the short side, in particular against the USD, the Aussie, GBP, NZD & CAD. The euro daily matrix illustrates this perfectly with the eur/usd, eur/gbp/ & eur/aud all exhibiting similar price action. The exception had been the eur/nzd, but here too the euro appears to be moving back to test the VPOC (volume point of control) at 1.6420. Against the...
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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 chart and is now touching the 100 ma. As we mentioned in yesterday's webinar although December price action can often seem erratic, it can nonetheless offer some great trading opportunities. And those of you who come along regularly to our webinars will know David & I are great fans of both the Kiwi and Aussie! You can register for the trading webinars here. The hourly currency strength indicator is showing some great potential set ups. Have a great trading day....
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