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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Trading the US forex session using the Quantum tools and indicators

Trading the US forex session using the Quantum tools and indicators

Volatility once again in focus on the GBP/JPY 3 minute chart as the US forex session gets underway. https://youtu.be/2dR8vsmBRJA  ...
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Currency matrix reveals sentiment for the British pound

Currency matrix reveals sentiment for the British pound

A terrific trading session as the London markets gets underway with heavy selling of the British pound across the complex and clearly signaled on the currency matrix indicator for MT5. https://youtu.be/ZHhXr93Aowo...
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Fundamentals for the GBP and the NZD/USD in focus in today’s London forex session

Fundamentals for the GBP and the NZD/USD in focus in today’s London forex session

https://youtu.be/uqUt3dRh0Xo In this morning's forex session with Anna and David of Quantum Trading, the session starts with Anna considering some of the fundamental drivers for the British pound, and of course Brexit. Over the next few months we are likely to see increasing volatility as the negotiations reach their conclusion. Whether agreement is reached or not, one thing you can be sure of is that each statement or announcement will send the pound sharply higher or lower across the complex. The New Zealand dollar was the pair in focus on the NinjaTrader platform bringing together many of the VPA lessons on the faster timeframes, with a decisive move lower signalled across the complex on the currency array and also on the currency strength indicator. One of the key issues for all traders managing the emotional stress created when a market pauses and reverses, in other words from the primary into the secondary trend, before establishing the initial trend once more. Here we...
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Aussie and euro feature in the London forex session

Aussie and euro feature in the London forex session

https://youtu.be/h8RAmPZGqjI In this morning's forex session we saw a nice move in the Aussie Dollar with some classic volume price analysis lessons when combined with the Quantum Trading indicators. The euro also produced a nice move lower with the renko charts on MT5 leading the way. The renko charts on MT5 are unique as they allow you to add both standard indicators and the Quantum tools and indicators directly to the chart. The trends indicator and te trend monitor indicator work perfectly with this style of chart as you can see from the euro dollar in the European session just ahead of the London open....
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How the MT5 currency matrix reveals market sentiment

How the MT5 currency matrix reveals market sentiment

https://youtu.be/tYxQgRGHcjI 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 in the same way. Discover more about the Quantum Trading indicators at https://www.quantumtrading.com...
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Using the MT5 CSI currency strength indicator for scalping

Using the MT5 CSI currency strength indicator for scalping

https://youtu.be/d8pPI6vgIlM In this short video we explain the power of using the Quantum Trading currency strength indicator in multiple timeframes on the MT5 platform. And in this example we are using the MT5 platform once again which provides a much wider choice of timeframes using both the standard and custom options. Here we have the currency strength indicator applied to the 5 minute the 10 minute and the 15 minute timeframes, and focused on the EUR/CAD currency pair. Here we can see the trend is already underway and confirmed by the currency strength indicator with the euro currency falling strongly and the Canadian dollar rising just as strongly. This is where we see the strongest trends develop and the steepness of the line for each currency gives us clear and strong signals of the strength of the momentum for this pair,  with strength in one and weakness in the other, providing the prefect combination for a strong trend in the pair. The trend...
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Divergence in euro complex

From a technical perspective last week was not an easy one for the euro with a divergence of sentiment across the complex. Against the USD it found some much needed support at the 1.0825 support level, which provided the springboard for a move up and through the VPOC on the daily chart at the key 1.09 price point. The pair managed to maintain this bullish momentum through to the end of week before finally ending the week at 1.1004 on reasonable volume. However, this move higher has, so farfailed to follow through in today's trading session with the 100 ema providing the cap. Bearish sentiment towards the euro has also increased in the futures market where shorts have added 18.1k contracts taking the total gross short position to 172.5k, the largest increase since November 2015. This week we also have the ECB interest rate decision and obligatory press conference, and given the current economic downturn in the eurozone, the market is...
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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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NZD and USD in focus on the currency strength indicator

Thanks to everyone for coming along to our forex webinar for the London session earlier, where our focus was the euro & eurodollar, particularly with some pretty heavy option expiry strike prices due up later today. Also in view was the kiwi which was in a similar state to the British pound ahead of Chancellor Osborne's autumn statement. In other words totally beaten down across multiple time frames, and despite various efforts to rise kept falling back into oversold territory. Interesting to see the Kiwi (white line) has now moved off the floor on the 30 & 60 min CSI. Also note the USD (the red line) is very overbought, so we need to keep an eye on what it is likely to do the remainder of the day. What happens in our next webinar for the US session is difficult to tell given it was Thanksgiving yesterday, and today is Black Friday. Appreciate it's not a national holiday, but given many in the...
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