As we stated in our recent AUDUSD short, New Zealand has increated their lockdowns further, their delta covid situation might get a little out of hand, but even if it does not, closing the economy never helps.
EURNZD is the highest traded pair today so far based on volume and if we review the 3 charts we have in this analysis it does make sense that we could see...
A quick beginners introduction to Volume Profiles.
I have added 3 different Volume Profile indicators to this VeChain 4hr chart as well as the normal volume bar.
Volume Profiles are made up of Histogram Bars which display buyer and seller trading activity. The volume Profiles are default Blue for Buy Volume and Yellow for Sell Volume. This buy and sell trading...
We can see a lower volume on the current rally on GBPUSD.
This can be a signal of upcoming pullback.
If the market decides to go back, the POC area will play a significant role in further price movements.
The possible scenarios and key areas are marked out at the chart.