Currency indicators in focus in the London forex session

Currency indicators in focus in the London forex session

by harrybertieqt2013 Comment Closed
Currency Indicators in Focus in the London Forex Session The London forex session puts currency indicators in sharp focus. High liquidity drives relational moves. Majors react strongly. This creates clear sentiment signals. Traders rely on these tools for early insights. All the currency indicators for MT5 were in focus in this session with the pound complex delivering some excellent moves in the GBP/JPY, the GBP/CHF and the GBP/CAD. In this session we also explain the importance of the volume point of control and understanding support and resistance, whether price based, or volume and time. Why Indicators Excel at London Open London overlap brings volume surges. Currency strength indicator ranks leaders quickly. Matrix and array show cross-pair dynamics. Heatmap colors intensity for fast reads. Volume price analysis (VPA) confirms—high volume on moves validates rankings. Key Quantum Currency Indicators Quantum's suite shines here: Currency Strength Indicator: Spots extremes for pair selection. Currency Matrix/Array: Reveals relational bias across all pairs. Currency Heatmap: Visual intensity for overbought/oversold. These tools on MT5...
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VIX continues to drift ever lower

by harrybertieqt2013 Comment Closed
VIX Continues to Drift Ever Lower The VIX continues to drift ever lower. This signals calm markets. Low readings reflect investor complacency. Expected volatility in the S&P 500 stays subdued. Traders interpret this as risk-on sentiment. What Is the VIX and How Does It Work The VIX, or CBOE Volatility Index, is known as the "fear gauge". It measures implied volatility from S&P 500 options prices. Calculations look 30 days ahead. High VIX shows fear and uncertainty. Low VIX indicates confidence and stability. VIX as a Sentiment Indicator A drifting lower VIX displays bullish market sentiment. Investors feel safe buying equities. Safe-haven currencies like yen weaken. Volume price analysis (VPA) complements this—low volatility often aligns with steady uptrends and rising volume. Trading Implications Low VIX can precede tops if complacency peaks. Watch for sudden spikes as reversals. Quantum indicators on NinjaTrader or TradingView track VIX alongside equities. Anna Coulling's VPA approach uses it for intermarket context. Monitor the VIX drift carefully. It reveals sentiment shifts early. Combine with...
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Pound hammered in US forex session

by harrybertieqt2013 Comment Closed
Pound Hammered in US Forex Session The British pound was hammered in the US forex session. Bearish pressure intensified during overlap hours. GBP pairs sold off sharply. This reflected renewed dollar strength and risk aversion. Volume Price Analysis Insights Volume price analysis (VPA) confirmed the selling. High volume on down candles showed conviction. No buying support appeared at lows. Quantum currency strength indicator highlighted GBP weakness relative to USD. Trading Takeaways Sessions like this reward bearish bias on GBP. Watch for continuation or exhaustion. Anna Coulling's VPA approach with Quantum tools spots distribution phases early for timely shorts. US session volatility often hammers currencies. Use Quantum indicators to navigate pound moves confidently....
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Aussie dollar continues lower

by harrybertieqt2013 Comment Closed
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 the breakaway from the VPOC at 0.7320 once again confirming the heavily bearish sentiment for the AUD. The initial break was on the 24th August where the wide spread down candle also triggered the volatility indicator, and as expected the price action moved back within the spread of the candle; a cynical move designed to trigger stops. Since then the candle has duly been confirmed with a rapid move through the low volume node on the VPOC indicator at 0.6980 with the pair now trading lower once again at 0.6934 in the London session. With the weight of transacted volume now sitting overhead in the 0.7320 price area and...
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Forget the euro, look at the British pound!

by harrybertieqt2013 Comment Closed
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 than the continued strength in GBP which has seen some great trends in GBP/NZD & GBP/CAD & I'm still waiting for the GBP/JPY to turn lower, but only once we see a major reversal in risk sentiment. On both charts the NinjaTrader trend monitor has remained firmly bullish with only a minor transition on the GBP/CAD reflecting the recent pause in the longer term trend. However, moving to the NinjaTrader currency strength indicator to the left of the chart, here we can see that the British Pound, the yellow line, is now moving ever deeper into the oversold region on the daily timeframe, so this trend...
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The yen currency matrix in focus as equities fall

by harrybertieqt2013 Comment Closed
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 not consistent across the JPY pairs we follow on our matrix, and in particular the EUR/JPY and GBP/JPY. The latter is a pair I am looking to short on a longer term basis, but patience is required not least because I want to see the JPY begin to move away from the bottom (oversold) on the currency strength indicator. This also highlights a key aspect of forex trading, namely individual currencies can stay overbought or oversold for much longer than we expect. Much, of course, will depend on risk sentiment, and in particular whether the current downwards trend in equities continues, and if so then we...
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Aussie dollar now in sharp focus ahead of Trade Balance

by harrybertieqt2013 Comment Closed
Aussie Dollar Now in Sharp Focus Ahead of Trade Balance The Aussie dollar is now in sharp focus ahead of Trade Balance data. This release measures exports vs imports. Strong figures boost AUD. Weak ones pressure it. Traders watch closely for commodity currency clues. If you come along to our forex webinars you will always hear David & I explain the importance of the fundamental news & how easy it is to be ambushed by 'events'. But I must admit so far it's been absolutely relentless & it's only Wednesday! Coming up we have Aussie retail sales & Trade Balance - both very important numbers, and so far it's been a buy of the Aussie except against the euro - a trade we've been following. Of the two releases - the Trade Balance number has been negative since July last year, and whilst February's number was encouraging, coming in at -0.44b against a forecast of -0.85b, the subsequent releases have been dire. Tonight's...
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EUR/NZD reverses recent trend for the New Zealand dollar

by harrybertieqt2013 Comment Closed
The EUR/NZD has delivered some excellent trading opportunities across all the timeframes this morning to the short side, following the recent heavily bearish sentiment towards the New Zealand dollar which has seen it weaken against all the major currencies. Indeed longer term the NZD is now looking increasingly oversold, so we may see this trend reflected on the slower timeframe charts in due course. This morning's move was signalled initially with a move below the volume point of control (VPOC) on the 30 minute chart ( the yellow line), a move that was duly supported with rising volume and confirming the bearish sentiment. In addition, the transition in the trend monitor indicator from blue to red also confirmed this reversal, coupled with a pivot high indicator prior to the move through the VPOC. Since then, momentum to the downside has increased with volumes also rising sharply and confirming the wide spread down candle as we approach a potential area of support...
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Bearish tone for GBP/USD continues in early trading

by harrybertieqt2013 Comment Closed
As the markets get under way in London this morning, and with a relatively thin day for fundamental news, the US dollar is once again advancing on the fast time frame charts and providing some excellent intraday scalping opportunities across the currency majors. Both the British pound and the euro have been selling off sharply against the US dollar, with the currency strength indicator on the 15 minute timeframe showing the US dollar, the red line rising firmly and moving towards the overbought region, with the euro (orange) and the pound (yellow) both moving strongly lower along with the Swiss franc (green). The chart alongside is of the GBP/USD in a slightly slower time frame (30m) and reflecting the current bearish sentiment at present for this pair, with the Trend Monitor at the bottom of the chart remaining firmly red, with the current volume rising, and confirming the current move lower. In addition, Cable is now breaking below the recent platform...
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Aussie dollar strengthens as RBA keep rates on hold

by harrybertieqt2013 Comment Closed
Aussie Dollar Strengthens as RBA Keeps Rates on Hold The Aussie dollar strengthens as RBA keeps rates on hold. This decision often boosts AUD sentiment. Steady policy signals economic stability. Traders see it as supportive for commodity currencies. The main focus overnight was in Australia with the RBA deciding to hold the current cash rate at 2.25%, with no cut. This decision was against the backdrop of declining commodity prices and a slowdown in China with many expecting the rate to be cut to 2.00%. As a result the Aussie dollar strengthened on the news against many of the major currencies, with another nice move on the EUR/AUD on the 15 minute chart. Quantum Indicators The Quantum accumulation and distribution indicator initially defined the support and resistance region with the 1.4360 being the key level of support and a region that had been tested on several occasions prior to the news. The bearish sentiment was confirmed with the trend monitor to the bottom of...
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