As the London forex market gets underway, equity markets signal a reversal in sentiment along with risk currency flows such as the AUD/JPY. It is interesting to note the currency strength indicator on the daily timeframe with the commodity currencies heavily oversold and risk currencies overbought, so setting up for some excellent longer term trading opportunities for the yen currency pairs.
https://youtu.be/HE1j44W55LY...
All about sentiment at the London open of the forex session and a classic example of the importance of understanding the relational analysis which I cover in the complete forex education program which you can find here at https://quantumtradingeducation.com
https://youtu.be/kVPOzMjFESo...
Strong safe haven flows into the Japanese yen confirmed on the hourly chart of the Currency matrix with heaviest flows into usd/jpy and cad/jpy, the latter also suffering from a sharp fall in oil prices. The matrix indicator ranks the performance of all the 28 pairs featured and highlights potential oversold and overbought trading opportunities.
Note also the numbers next to the pairs and the values reflect the strength of the move. In other words, the higher the value the bigger the move.
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The Japanese yen was much in demand in early trading in the London forex session, as overnight concerns of the Chinese virus sent Far East and Asia equity markets lower. This followed through into Europe and London with markets falling. As a result the commodity currencies were much in focus on the currency strength indicator and currency matrix, followed by pound buying later in the session.
https://youtu.be/deUta3lFhno...
There was only one currency in focus this morning as the country goes to the polls today on one of the tightest general elections we have seen for decades. Ahead of the London forex open, the GBP was being bought but as so often occurs at session crossovers, the trend higher on the GBP/JPY was reversed with the pair moving lower. The volatility indicator was much in evidence as was the volume point of control across the various timeframes, and coupled with the price based support and resistance indicator and accumulation and distribution indicators, defined clear levels of support and resistance.
https://youtu.be/6nWciiv78bM...
In the London forex session we show you how to apply the Quantum Trading indicators to trading forex using the MT4/MT5 and NinjaTrader platforms.
https://youtu.be/1q-G2qm3eZI...
Another excellent session as the London forex markets open with volatility once again in evidence as the market makers trap traders into weak positions, but not if you understand volume price analysis and have the Quantum Trading tools and indicators.
https://youtu.be/35tB1y11K4I...
In the London forex session we explain how to apply some of the currency trading tools and indicators for MT5 and Ninjatrader on time based charts, before moving to the renko indicator with the trend monitor and trends indicators.
The currency in focus was the euro across the complex with strong moves for the pound and the US dollar.
https://youtu.be/kkPpVhA-AQg...
More terrific trading opportunities in the London forex session, from the monthly chart to the minute, and using the Quantum Trading tools and indicators with volume price analysis.
https://youtu.be/3WO3vlkg8xY...
