Tag: forex currency strength meter

renko indicator NT8

A great session this morning with David and myself and we started with the EUR/AUD which has been rising strongly for the last few days, and one of the lessons from our private trading chat room where we support our forex education program members. This was an example of an annotated chart of the EUR/AUD… Read more »

Risk off sentiment in the London forex session

Recording of this morning’s London forex session with the Aussie yen in focus in risk off start to the trading day. It was a risk off start to the trading day with the Japanese yen being bought universally across the market, and with the focus on the Aussie yen in particular. The Quantum currency array… Read more »

GBP/JPY begins to turn on the daily chart

gbpjpy daily chart

The currency strength indicator on the daily timeframe has been signalling the UK pound as strongly overbought (yellow line) and the Japanese yen (magenta line) as oversold for some time, and today has finally seen the pair move lower following last week’s extended congestion phase in the 151 area of the chart. This period of… Read more »

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… Read more »

Is Swiss Franc ready to turn higher?

With year end on the horizon, now perhaps is a good time to see what the Swiss franc has been up in an effort to determine what the currency is likely to be doing in the run up to the 15th January 2015 anniversary when the SNB (Swiss National Bank) removed the floor of support… Read more »

Quantum Trading apps now available on Tradable

David and I delighted to announce the range of Quantum Trading indicators and apps are now available on Tradable, and both David and I are excited to be associated with such an innovative and dynamic company. Tradable, available on Windows or Mac OS, has a unique interface which enables traders to download and arrange third… Read more »

Euro tumbles on Draghi comments

Mario Draghi’s comments at the ECB conference regarding further stimulus has led to a dramatic fall in the euro across the board, and the eurodollar in particular. This weakness, however, was first signaled last week, and has been developing since the start of the trading week, and is a follow through from the two bar… Read more »

Aussie waits on RBA

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… Read more »

Don’t ignore the Kiwi – it can deliver some great trades!

A currency often overlooked by forex traders is the New Zealand dollar, which is a great shame because this commodity dollar can often deliver some impressive and consistent trades, particularly on the slower time frames. And for a reason we only need to glance at the daily chart of the currency strength indicator. Following a… Read more »