How to use the currency majors matrix – a powerful application to accelerate your success

In the final part of the London forex trading session, David explains how to use the currency majors matrix and what it will do for your forex trading. Here you have the advantages of seeing all the pairs and their reaction to a move in the US dollar, and what we see here is all things are not equal. Whilst the British pound is moving, the Aussie dollar is not, and the reason is simple when we consider the currency strength indicator alongside. In the first we have one currency being bought strongly and the other sold. In the second we have both moving in the same direction and hence in congestion which is what we see on the chart. Finally, some more great volume lessons when considering one pair with another.