Today in forex trading the EUR/AUD had a sell signal on The Forex Heatmap®. This pair sold off hard but it is not in a down trend, it is oscillating and ranging inside of support and resistance. Therefore we would scale out lots on any sells. The AUD/CHF moved up strong on the AUD strength, but this pair is in an overall downtrend, so once again we would scale out lots or exit completely. The Australian Dollar (AUD) was strong on all pairs. The heatmap gives live buy and sell signals for 28 pairs and eight major currency groups. It provides short term trading signals like the ones you see today on the AUD pairs, but if the pair is gives a signal on is trending, you can hold onto that trade for a swing trading style trade or position trade.
EUR/AUD Sell Signal 6-23-2015