Today’s intraday analysis will be on NZD/CHF and I will start by talking about the structure of the Weekly Volume Profile . Weekly Volume Profile structure In the previous week, there was a “b – shaped” Volume Profile histogram formed. b – shaped histogram means that the shape of the histogram looks like the letter “b”. It says that the market sees the value at the bottom half of the profile while rejecting the upper half. If you look at the picture below, you can see that there was a rotation (Monday, Tuesday), then strong buying activity (Wednesday), and then an immediate rejection and a sell-off (Thursday). Then again a rotation on Friday. One of the most important things to notice in a b – shaped profile is a volume cluster created in the rejection area. In this case, there were two of them. Such a volume cluster indicates a place where the sellers were...
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