Author Archives:

Today in forex trading the NZD/CAD had a sell signal on The Forex Heatmap®. The Canadian Dollar (CAD) was neutral to slightly strong  and the NZD (New Zealand Dollar) was consistently weak. The NZD/CAD live sell signals are shown below. The NZD/CAD had a good price drop and should continue down for one more day to the next support at 0.8650 on the H4 time frame. So these downward movement cycles over the last two days are against the major trend. However, this pair will eventually reverse back to the upside since the W1 time frame uptrend is still in place.

Forex traders should scale out lots and take profit as this pair continues lower to 0.860. The NZD remains weak on the time frames and more weakness is expected until tomorrow. The trading signals you see are from The Forex Heatmap®, which provides live visual trading signals for 28 pairs and eight currency groups. We send push alerts to your desktop and cellphone to tell traders when the market is moving across 8 different currencies and 28 different pairs.

Forex Trading Signals NZD/CAD Sell

Forex Trading Signals NZD/CAD Chart

The USD/CAD is trending higher on the D1 time frame. This pair also continued higher in the trend today as the USD was strong on most pairs. The current resistance levels are between 1.2525 and 1.2625. This area of resistance is layered and clustered together.

When the USD/CAD moved into this zone you should consider starting the exit any buy positions, This price cluster is about 65 pips above the current price levels. The forex trend indicators you see are 5/12 exponential moving averages set up on a meta trader platform.

USD/CAD Trend, Resistance Levels

Today in forex trading the GBP/CAD had a buy signal on The Forex Heatmap® forex heatmap. The GBP (British Pound) weakness was consistent on all pairs. This pair is starting a new trend on the D1 time frame, so it has good pip potential upside going forward for several days. We will continue to plan additional buys on this pair in the upcoming trading plans, and we will treat this as a swing trade on the D1 time frame. So, along with the 150 pip movement cycle you see from today, more pips are possible in the direction of the trend. The heatmap can be used to enter short term day day trades or trend based trades on the higher time frames like the D1 or W1 time frames.

GBP/CAD Buy Signal

GBP/CAD Buy Signal Chart

Today in forex trading The Forex Heatmap® forex heatmap, our live signal trading signal software, indicated a buy signal on the NZD/USD. A snapshot of the real time trading signal is shown below. The NZD was strong on all pairs and the USD had some weakness.

This pair moved strong to the upside and it broke some near term resistance levels. This pair could be forming a trend on the larger time frames, like the W1 time frame. Therefore, we will be looking to set more trading plans to buy this pair again going forward. This pair has considerable upside potential from here on the W1.

The heatmap provides live trading signals for 28 pairs and assists traders with verified trade entry points and improved profit management.

Live Forex Signals NZD/USD Buy

NZD/USD Buy Signal Chart

This is an analysis of the GBP/USD on the D1 time frame. This pair is close to a full reversal on the D1 time frame and a new uptrend forming. Tomorrow morning in the main trading session there is USD Consumer Price Index news. This could drive volatility and price movement. If the USD is weak after the CPI news on The Forex Heatmap®, then consider a buy on this pair. If the D1 uptrend fully forms it has overall potential of over 400 pips. See yellow line notations on the charts. You can also set an audible price alert at 1.2330 to notify you and help to intercept the movement.

Any time a forex traders sees a new D1 uptrend forming on any of the major forex pairs, and also the exotic pairs, they should take note as getting into the trend at the beginning of the movement should be a priority, and your money management ratio will always be heavily in your favor.

GBP/USD D1 Time Frame

Today in forex trading the NZD (New Zealand Dollar) strength signals were evident on all pairs on The Forex Heatmap® forex heatmap. The NZD/CAD and NZD/USD both moved strong to the upside starting in the Asian session and moving higher overnight and into the main trading session. Both of these NZD pairs have established new D1 time frame uptrends. We expect both pairs to continue to move higher, after one retracement period.

The NZD/CAD and NZD/USD both moved up over 100 pips each, excellent price movement for traders to take advantage of. This momemtum based trading system and trend indicators will assist greatly at confirming your trade entry points across 28 pairs, not just the NZD pairs. The heatmap can be used for trend based trading, trading after the news, or unexpected price movements on the forex market. The heatmap is easy to read for all traders, even beginners.

Forex Trade Signals NZD Strength

Forex Trade Signals NZD/CAD Chart

This is the current trend analysis of the CHF/JPY on the largest time frames. This pair is trending higher on the MN time frame and has broken the 20 year resistance levels. It is at all time highs at the current pricing. If you enter a buy trade in the direction of the trend, trying to set a resistance target is not as simple because you have no visible target on your chart. In this case you can check the EUR/JPY, GBP/JPY, and USD/JPY resistance areas. If several of these pairs start to hit known resistance levels then the CHF/JPY will start to stall and form a resistance level also. Then you can scale out lots and manage the trade better with better profit taking procedures.

CHF/JPY Trend Analysis

The USD/CAD trend analysis is shown here. This pair is trending higher on the larger time frames, like the MN time frame shown below. The near term resistance level is at 1.3350. Traders can set a buy alarm at that price level and monitor for a buy signal on The Forex Heatmap®. There is no no nearby resistance past the alarm price, we see no resistance until around 1.3800, so this pair has about 450 pips of upside potential. This is very good money management and risk/reward ratio for a trade.

USD/CAD Chart Analysis 9-23-2015