Tag: forex prediction indicator

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 »

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 »

Aussie dollar continues lower

As spot forex traders we sometimes forget the futures market can often help with market sentiment towards a currency and the daily chart for 6A, which is the contract for the Aussie dollar is particularly revealing. For the 6A,  it has been a return to business as usual over the last couple of weeks, since… Read more »

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… Read more »

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… Read more »

And now we wait for the forex market to open!

Have been reading that carnage is expected and word is EUR/USD has already dropped to 1.1029 – although my MT4 hasn’t started as yet, so we will have to wait & see. Meantime here are some levels for some of the euro pairs : EUR/USD – was already bearish & shorts at CFTC increased last week…. Read more »

Forget the euro, look at the British pound!

In all the brouhaha about Greece and the euro it’s easy to forget what else is going on in the forex market. Sometimes I feel Greece is taking up too much space in traders’ heads at the expense of other markets and currencies. And for a perfect example of what I mean look no further… 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 »

USD/CAD now testing key VPOC level

Once GBP data is out of the way we can then look forward to the unemployment claims in the US and the Ivey PMI from Canada. Both items are released at the same time & here expect to see the biggest reaction in the USD/CAD. On the daily chart for the pair the resistance in… Read more »

GBP gets a boost from retail sales

UK retail sales have given GBP a real boost higher & it’s occupying six top spots on the currency matrix. Number was a great improvement & market has temporarily forgotten the negative CPI number. What’s interesting is at 8.00 am at the London open, there was a huge buy of cable off an important order… Read more »