Category: Forex Trading

Trading insights on share trading, forex trading, cfd trading and options trading. Powerful insights from our Wealth Advisers at PhillipCapital Australia.

AUD USD News - Weekly Forex Report - 26/04/17

PhillipCapital Australian Dollar Weekly Wrap - AUD USD News. Up till 4PM Friday, AUD is down 185 points, about 0.02%. Current price is 74.319 US cents.

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AUD USD News - Weekly Forex Report - 12/05/17

AUD USD Forex News: Up till 1:30 PM this Friday, Aussie dropped 361 pips this week about 0.4%. Current rate is 0.7374...

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AUD USD News - Weekly Forex Report - 21/04/17

Up till 2:30 PM this Friday, Aussie dropped 572 pips this week about 0.7%. Current rate is 0.7529. Watch this video on AUD USD news update from our advisers.

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Using uncorrelated indicators with volume profile

In my previous posts, I’ve mentioned that I don’t think price derivative indicators such as RSI, MACD and moving averages are useful as they don’t reveal any new information to the trader.

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Past areas of business with volume profile nodes

It is impossible to determine where the market will find a peak or trough. However, by using a composite volume profile, we can determine past areas of business or rejection using volume nodes which can help us determine where the market might trade back to or reject.

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Determining areas of business using volume profile

Volume profiling arranges volume as a function of price for a period of time, producing a bell curve from which we can determine the value area, or area where there is price acceptance. Where 70% of the volume is transacted, we call this the value area and the tails are called the value area high (15%) and value area low (15%).

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Market modes with volume profile - trending or consolidating?

The most popular technical analysis methods such as RSI, MACD and moving averages can be classified into two main categories - momentum and trend. The issue with this is that most traders use one or the other without regard for the market context

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More accurate market forecasting using volume profile

Why are popular indicators unreliable? The most popular technical analysis methods such as RSI, MACD and moving averages are price derivative indicators and is really just an abstract of what the price is already telling us - whether the market is moving up, down or sideways.

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Complimentary Trading Guide: 5 Financial Market Developments That Affect How You Trade

Trading guide to help you stay ahead of the market. Read more on these 5 Financial Market Developments that affect how you trade. 

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Kiwi threatens parity with AUD$

Australia may have convincingly beaten the Kiwis in the recent Cricket World Cup final but it’s the New Zealanders that are winning the currency world cup.  The Kiwi dollar is a Middle Earth hobbit away from parity with the Aussie, the highest it’s traded since floating in 1985.  Had the RBA cut rates on Tuesday every Kiwi in the land would have been handed bragging rights by Glen Stevens as a move to parity and beyond was almost certain.

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