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Live Forex Signals EUR/CAD 10-21-2014
Today in forex trading the EUR/CAD signaled a sell on The Forex Heatmap®. In the main trading session the Canadian Dollar (CAD) strengthened on all pairs. The EUR/CAD moved down and could continue down one more day on the H4 time frame before it starts to hit some support levels, we would scale out lots on this sell. The CAD/CHF also moved up and we would scale out lots on this buy, it should also continue up one more day on the H4 time frame. These pairs are moving inversely to each other on the CAD strength. The live forex signals you see below are available for 28 pairs from The Forex Heatmap®.
Forex Trend Charts EUR/AUD 10-15-2014
The EUR/AUD trend is reversing to the upside on the higher time frames, like the W1 time frame shown below on the chart. This uptrend currently has a resistance point at around 1.4650, shown by the yellow line. You can set a price alert here. When the alert goes off check The Forex Heatmap® to verify the trade entry. This trade has excellent upside potential up to the 1.5300-1.5400 resistance area. This is 650-750 pips of potential, so the money management ratio is excellent. The trend chart you see below is exponential moving averages that we provide to our clients.
Forex Major Pairs USD Weakness 10-15-2014
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 Trade Signals GBP/JPY Sell 10-14-2014
Today in forex trading the GBP/JPY had a sell signal on The Forex Heatmap®. The British Pound (GBP) was weak on all pairs, and the Japanese Yen (JPY) was strong on all pairs, driving price movement for forex traders. The GBP/JPY sold off, but this pair is at one support level so we would scale some out lots on this pair at these price levels. The GBP/USD broke one support level on the GBP weakness and is trending down on the larger time frames, this pair is a hold. The trade signals you see below are from The Forex Heatmap®, which provides live signals for 28 pairs, it is a visual map of the forex market.
Forex Trend Analysis EUR/USD 10-8-2014
The EUR/USD has been in a down trend, but is rebounding off of support and could continue higher. The current resistance level is at 1.2750, noted by the yellow line. You can set a price alert here. When the alert hits check The Forex Heatmap® to verify any buy entries. The next resistance area is around 1.2950, so this trade has 200 pips of potential. The overall trend is still down on the largest time frames is still pointing down, so treat any buys like short term trades for now. This pair could continue up for a few days. The trend analysis you see was done with multiple time frame analysis on the (Euro) EUR and US Dollar (USD) pairs.
Non Farm Payrolls News USD Strength
Today after nonfarm payrolls news the US Dollar USD strengthened on all pairs. The employment change was 248,000 jobs versus 216,000 forecast, which is good for the Us Dollar USD. Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.This news drove price movement on all seven of the US Dollar USD pairs we track. Some pairs like the USD/JPY and the NZD/USD had strong movements today, but these pairs are not trending and remain range bound.
Other pairs like the EUR/USD and GBP/USD broke through support levels on the USD strength and are continuing downward in there existing trends on the larger time frames, like the D1 time frame. These two pairs should continue trending down. The USD strength indicators you see below is The Forex Heatmap® forex heatmap, which provides real time trading signals during fores market hours, including after news drivers like non-farm payrolls NFP. World economic news events like nonfarm payrolls generate a lot of price movement and traders can use tools like the heatmap to see more exact trade entry points and generate trading pofits from the USD pairs or any of the 28 pairs we follow.
GBP/JPY Sell Signal 10-2-2014
Today in forex trading the GBP/JPY had a sell signal on The Forex Heatmap®. The Japanese Yen (JPY) was strong on all pairs, generating some strong downward movement on these pairs. There was also some CAD and GBP weakness in the market. This drove the GBP/JPY and the CAD/JPY down. Both of these pairs are hitting some support levels, so we would consider scaling out lots or exiting these sells. Both pairs should reverse back up as soon as tomorrow and the overall trend on both pairs is up. Today’s down cycles were short term sells against the trend. The sell signals you see below are live buy and sell signals from The Forex Heatmap®. The heatmap gives live buy and sell signals for the JPY and GBP pairs as well as 6 other currency groups.
Forex Trend Indicators CAD/CHF 10-1-2014
The CAD/CHF is in a trend going up using the moving average indicators you see below. The trend you see is on the W1 time frame. The current resistance level is at 0.8600. We would set a price alert here. When the alert hits check The Forex Heatmap® to validate your buy entry point. We see no nearby resistance past there, any buy position has excellent upside potential. The EUR/CAD is moving inversely to this pair on the Canadian Dollar (CAD) strength and is trending down, it is breaking support levels on the largest time frames.
GBP/NZD Trading Alert 9-25-2014
Today in forex trading the GBP/NZD had a trading alert for a buy on The Forex Heatmap®. The New Zealand Dollar (NZD) was weak on all pairs. Since the British Pound (GBP) also had some strength this pushed strong upward movement on the GBP/NZD for traders. The JPY also had some strength today. This caused the NZD/JPY to drop very hard today as the overall drop has pushed this pair into one support level, we would be scaling out lots at this price level. The NZD weakness also pushed the NZD/USD strongly lower, this pair is still trending down and should continue lower from here. The Forex Heatmap®, shown below, gives live trading alerts for 28 currency pairs and can be used for trade entry management and improving your overall profits when trading currencies online.
EUR/USD Trend And Support Levels 9-24-2014
The EUR/USD is currently in a down trend on the larger time frames, like the W1 time frame shown below. Current support level is at 1.2770. You can set a price alert there. Below there it has minor support down to about 1.2700 then very good potential below there to the 1.2300 area, which is around 400 pips. When the alert hits you can look for a sell signal on The Forex Heatmap®. The trends and support levels on the EUR/USD were analyzed using the free forex indicators you see below. These are some exponential moving averages using multiple time frame analysis of trends by individual currency.