Today in forex trading the major pairs all moved on US Dollar (USD) weakness. There was also some minor Euro (EUR) and New Zealand Dollar (NZD) strength in the market. This drove price movement on the EUR/USD and NZD/USD as they both moved higher. These two pairs could continue higher for one or two days but they have no trend support from the larger time frames. If you bought either one of these two pairs we would scale out some lots and take profit, scale out additional lots as they continue to rise. The strength and weakness indicators you see below is The Forex Heatmap®, which works for the 7 major pairs listed below plus 21 other exotic pairs for live trading signals.
Forex Major Pairs USD Weakness 10-15-2014