Tag: metatrader5

At the start of a new month and quarter it's always useful to consider which currencies and currency pairs are at extremes, because if there is one thing we can be sure of is that at some point sentiment for an individual currency and currency pair will change. And this is where the Quantum heatmap indicator can help as it not only ranks our 28 currency pairs, but also does so across multiple time frames giving us a snapshot of what is happening on 252 charts. And as we can see it is Aussie and Cad that have been heavily sold, particularly against the Yen and the British pound. The daily chart of the aud/jpy now shows the pair attempting to base in the 80.50 region, which also coincides with our S3 Camarilla level, and today's bullish price action, on reasonable volume, has taken the pair to the underside of the first major resistance at 82, and assuming risk off sentiment...