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Does volume price analysis work? Most definitely

March 16, 2020February 17, 2026 by Anna Coulling Comment Closed

In these unprecedented and dramatic times for markets, traders, and investors, volume-price analysis has never been more appropriate, and we had a great example on the 3-minute chart for the WTI contract for April. The chart is vpa 101, where, following a move lower from a strong resistance line, we have a candle with a deep upper wick and very high volume, not only confirming the move lower but also providing a potential point of entry. The minor correction is higher on falling volume, thereby validating our initial analysis. What Volume Price Analysis (VPA) Will Do for You Volume Price Analysis (VPA) is a straightforward yet powerful trading methodology that focuses on the relationship between price movement and volume to reveal the true intent behind market action. Developed by Anna Coulling and rooted in the classic principles of Wyckoff, tape reading, and the work of pioneers like Livermore and Ney, VPA strips away lagging indicators and noise to show you exactly what professional...

Canadian dollar crushed as oil prices tumble

March 9, 2020February 17, 2026 by David Coulling Comment Closed

Canadian dollar crushed as oil prices tumble One of the relationships I cover in my free forex webclass is that between oil and the Canadian dollar, and it has never been more important following today's dramatic price action for both crude oil itself and broad market sentiment. So, with equity markets and oil in free fall, the CAD/JPY pair has delivered some wonderful trading opportunities, along with several others in the Canadian dollar complex. The combination of risk-off and oil has driven the pair lower still, following the gapped-down open under heavy selling as seen on the daily chart. Over the next few days it will be a question of watching the related markets of oil and equities for any recovery in the Canadian dollar. The Canada-Oil Relationship: A Deep Dive into Economic Ties and Currency Market Impacts Canada, often dubbed the "Great White North," is not just known for its vast landscapes and maple syrup—it's a powerhouse in global energy markets, particularly...

Muted reaction to NFP for equities

March 6, 2020February 17, 2026 by Anna Coulling Comment Closed

Muted reaction to NFP for equities Fundamental news is often cyclical, and the importance of one type will vary according to where we are in the economic cycle. In addition, such items may be overshadowed by more prescient news, and this is certainly the case at present with the coronavirus dominating world headlines and driving fear in the markets. So it was no surprise to see the monthly NFP release have little impact on US indices, which paused momentarily before continuing their journey South as we can see across the three sisters here of the YM emini, the NQ emini and the ES emini. Note the weakness in the reaction at the top of the 5 m charts. Non-Farm Payroll (NFP): A Key Economic Indicator for Traders Non-Farm Payroll (NFP) is one of the most anticipated economic releases in the trading world. Issued monthly by the U.S. Bureau of Labor Statistics, NFP reports the change in U.S. employment excluding farm workers, private household...

NZD/USD strongest this morning

March 6, 2020February 17, 2026 by Anna Coulling Comment Closed

NZD/USD strongest this morning As I mentioned yesterday, history will judge whether this week's action by the FED was prudent or foolish, but what cannot be denied is the effect on the US, which is a free fall and looking to move towards the 96 price point. This makes today's non-farm payroll release even more important, as a strong number should give the USD some support. The weekly chart for the DXY shows the extent of this week's move as well as the downside levels ahead. And it's the nzd/usd which has been the strongest of the majors this morning, as we can see on the chart above. A wonderful trend higher supported with the trend dots and trend monitor indicators. The New Zealand Dollar (NZD): Economics, Key Drivers, and the Carry Trade The New Zealand dollar (NZD), often nicknamed the "Kiwi," is a commodity-linked currency highly sensitive to global economic forces. In 2026, NZD trades around 0.60 USD, influenced by the Reserve Bank...

Great VPA lessons on the CAD/JPY

March 5, 2020February 17, 2026 by Anna Coulling Comment Closed

Great Volume Price Analysis Lessons On The CAD/JPY Some classic price action on the CAD/JPY daily chart, and in particular, several volume price analysis lessons to take away. First, note the volume anomaly on the wide spread up candle. Volume is average, so the market makers are not participating, as the trap is set. Clearly, volume and price are not in agreement, and this is a sure signal of weakness ahead. The price waterfall is developing as expected, and note the rising volume in a falling market, confirming the strength of the trend. Finally, in the last few days, we have had a two-bar reversal on good volume, with the currency pair looking weak. And remember, the Canadian dollar is closely associated with oil and with the recent fall in oil prices, this has also been reflected in the currency and one of the topics I cover in my free forex webclass. Volume Price Analysis (VPA) 101: A Beginner's Introduction Volume Price Analysis (VPA)...

Crossover session traps

March 5, 2020February 17, 2026 by Anna Coulling Comment Closed

Crossover session traps The crossover sessions in forex occur when trading in one timezone closes and another opens and can be a very dangerous time for traders. Why? Because this is where insider traps are set. The London open always is a fertile ground and there was a great example on the usd/jpy. Heavy buying in the pair on the previous day resulted in a nice move higher in Asia with the pair moving into consolidation ahead of the London open. Prior to the open the pair started to move higher on reasonable volume but reversed lower at the open on high volume until the hammer candle, again on high volume pushed the pair back towards the consolidation (the yellow line on the chart). Session Crossover Traps: How Market Makers Catch Unwary Traders (and How to Avoid Them) The session crossover — the moment one major trading session hands over to the next — is one of the most dangerous times of the day for...