This is an example trend analysis AUD/USD on the W1 time frame. The W1 time frame trend chart is now formed and this pair is trending up. Current price is about 0.7485. Traders can set an audible price alert just above this price to monitor for price movement. When the price alert hits, look for a buy signal on The Forex Heatmap® forex heatmap. Look for consistent AUD strength or USD weakness, or both, starting in the main trading session tomorrow.
Past the 0.7525 price level we see potential up to the 0.7800 resistance area, see the chart below for this location. This is nearly 300 pips of potential so the money management ratio is very good. The trend indicators you see are exponential moving averages we provide free to all forex traders. Analyzing 28 pairs with these trend indicators every day provide you with a list of pairs that are currently trending, along with price alert or breakout levels. Verifications for trade entries are provided by The Forex Heatmap® for our profitable trading system.
AUD/USD Trend Analysis