All about the euro and the currency dashboard indicators

All about the euro and the currency dashboard indicators

All the currency indicators working in harmony to identify opportunities for trading the euro at the start of the London forex session. https://youtu.be/ZbMWkQkb5kY...
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Using the Quantum Trading indicators across multiple timeframes

Using the Quantum Trading indicators across multiple timeframes

Whether trading forex or any other market, using multiple timeframes is a key element of technical trading, and in the London forex session we show you what you need to consider and issues when using the daily timeframe. https://youtu.be/YLMlz_a5i80...
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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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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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Cable approaches key level

Cable continues to remain very weak for the time being, and is now approaching the tipping point of a potential deeper move once we have a strong close below the psychological 1.50 price point, which is clearly marked on the weekly chart by the support and resistance indicator. At the same time the VPOC (volume point of control) is also weighing heavily on the pair, and should the above level be breached then a further cluster of support awaits below in the 1.48 region. Any failure here will see cable move into a low volume node in the 1.46 region, last seen in March this year from which cable managed to stage a sustained recovery.  ...
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Aussie finding some bullish momentum

Of the three commodity dollars, namely the Aussie, Kiwi and Loonie it is perhaps the Aussie which finally appears to be showing signs of a potential reversal from its oversold state on the slower time frames of our currency strength indicatort (the blue line). And of the Aussie pairs it is perhaps the AUD/USD and AUD/CAD which appear the most interesting. Starting with the AUD/USD it was the failure in May to break through the resistance at 0.8160 which was the start of the its downards descent which saw the pair finally find some support at 0.6906 on the Friday before the Labor Day Holiday in the US. And whilst this level was tested once again last Monday, since then the AUD/USD has managed to claw its way back to 0.7138 at time of writing. Such positive sentiment and similar price action can also be found on the daily chart of the AUD/CAD where the test of support at 0.9149 on the...
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Bears take hold of cable

Today's reversal in cable has once again taken the pair back to the VPOC (volume point of control) support which sits in the 1.5573 price region. This price area is where cable has been rotating since early July, and despite what appeared to be a decisive break away on Monday when cable touched a high of 1.5803, yesterday's down candle has had the effect of creating a classic two bar reversal. Therefore, no surprise to see the resulting fall in today's trading session where cable has fallen over 200 pips. Today's price action has not only taken cable below the VPOC for the first time since early August but also seen a break through the 100 ma, and with today's move supported with good volume the next stop for cable would appear to be 1.5424 on the daily chart. Moving to the hourly chart cable has found some good support at 1.5466, a price point first hit by a volatility candle earlier...
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Eurodollar bears take control

Although the market is focused on tomorrow's release of the FOMC minutes, an event guaranteed to cause a degree of market volatility, it is the release of the CPI and Core CPI numbers earlier in the session which are probably even more important. Of the two releases it is the Core CPI the FED pays the most attention to, and a big influence on the likely timing of any rise in interest rates. Meantime, the USD appears to have found its mojo once again following last week's dramatic fall, with the eurodollar bearing the brunt of this resurgence. The daily chart for the eurodollar is particularly interesting where weakness for the pair started last week with the failure to break and hold above the VPOC (volume point of control) in the 1.1167 price region. Friday's close below the 100 ma appears to have been the catalyst for a pick up in bearish sentiment for eurodollar which saw the pair close yesterday's trading...
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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 both the USD and the Aussie. The hourly chart of the CSI (currency strength indicator) highlighted the extent to which the British pound was overbought, and Cable's failure to take out the resistance at 1.5688 signaled the start of a reversal in fortune for the pair and a move lower of over 100 pips.  And it has only been a combination of the VPOC at 1.5585 and support at 1.5578 that has prevented any further move lower for Cable. Moving to the GBP/AUD  here too we have seen a move lower for the British pound with the pair eventually finding support at 2.1094 from which we have...
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