In this week’s US forex session I take a look at some of the current positions I have in the market based on the Aussie & Canadian dollar on the expectation of positive sentiment for equities, whilst also taking a closer look at some of the Quantum Trading indicators. As always at session crossover times strong reversals often develop and this was the case for the British pound, with strong selling in the London session, then reversed as the US session go underway, and rising strongly from the over sold region on the currency strength indicator.
The currency heatmap also takes centre stage helping to define those currency pairs which are oversold or overbought, as well as helping to display the change in sentiment as this ripples through the timeframes.
By Anna Coulling
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