Tag: currency strength indicator MT4

MT5 currency strength indicator in action

currency strength indicator

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…. Read more »

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%… Read more »

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… Read more »

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… Read more »

GBP in focus ahead of Autumn budget

This morning’s highlight comes from Chancellor George Osborne here in the UK with his Autumn Forecast Statement, so expect lots of smoke & mirrors, volatility and opportunity to shake traders out of the market.For the British pound complex on the faster time frames, it’s been a case of some good moves lower against USD, JPY… Read more »

Is AUD/USD finally preparing to reverse higher?

The Aussiedollar weekly chart is another classic example of how patience can be richly rewarded following the extended congestion phase of March to August 2014 which saw the pair trade in an increasingly tighter range around the VPOC (volume point of control) in the 0.93 to 0.94 price area. This type of price action is… Read more »

Cable finally finds some support (& buyers!)

Following longest fall since 2008 no surprise to see British pound and the 6B move higher in this morning’s trading, on the back of profit taking and closure of US and Canadian markets for the Labor Day holiday. From a VPA (volume price analysis) perspective the recent move lower has also been associated with falling… Read more »

CSI highlights GBP sell off

Ahead of the release of the Monetary Policy Minutes from the RBA, and tomorrow’s CPI number for the UK, it’s been interesting to see how the Aussie and British pound have been behaving in today’s trading session. And of the two currencies it has been the British pound which has seen some heavy selling against… Read more »

USD looks set to move higher

In the current media speculation surrounding the impact of the PBOC decision to revalue/devalue the yuan, particularly on how this may (or may not) affect the FED’s decision about raising interest rates, it is easy to forget two things. First, the fundamental news releases which too will add their own layer of volatility, and second… Read more »

The yen currency matrix in focus as equities fall

The overnight fall in the Nikkei 225 of 1.76% has resulted in an impressive two bar reversal (aka a shooting star) on the daily chart for the USD/JPY – so no surprise to see the pair move lower in this morning’s trading session. What is perhaps more significant is this move in the JPY is… Read more »