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Today in currency trading the Japanese Yen (JPY) strength was evident on all pairs. There was also clear GBP (British Pound) weakness. The GBP/JPY sold off and this pair is trending down on the D1 time frame. This pair should continue lower for at least one more day, but the overall trend on the largest time frames is still up so we would scale out lots at this price level. This pair will likely stall at support and reverse back to the upside in a day or two. The live currency strength signal you see below is from The Forex Heatmap®, which gives currency strength signals for 8 currencies and 28 pairs for traders.

JPY Currency Strength 1-5-2015

Today in forex trading the major pairs (USD pairs) had good price movement. The (US Dollar) USD was mostly weak and the Japanese Yen (JPY) was mostly strong. Therefore the USD/JPY dropped. This pair  could continue lower for another day on the H4 time frame but the overall trend remains up on the higher time frames, so if you sold this pair you would scale out lots. The images below show the USD/JPY and the other major pairs on The Forex Heatmap®, which provides real time buy and sell signals for 28 pairs.

Forex Major Pairs USD Weakness 12-30-2014

The trend chart below show that the USD/CAD is trending higher on the largest time frames, like the MN time frame.  The current resistance levels is at 1.1670 on this pair. You can set a price alarm here. When the alarm hits, check The Forex Heatmap® for a buy signal. Past the 1.1670 resistance area the next major resistance is at the 1.3000 area, so any buy entries could have substantial upside potential, possibly 1300 pips. The trend chart you see below for the USD/CAD are exponential moving averages set up on a meta trader platform.

Forex Trends USD/CAD 12-17-2014

Today in the forex trading The Forex Heatmap® signal system gave a buy signal on the GBP/JPY. You an check the heatmap below, and it shows that the Japanese Yen (JPY) was weak on all pairs, which drove these pairs up. The British Pound (GBP) was mostly strong and this pushed the GBP/JPY strong movement to the upside. This pair is in a long term uptrend, so it could easily continue up to the 189.50 resistance area from here, so we consider this to be a hold. The signal system you see below is The Forex Heatmap®, which gives live buy and sell signals for 28 currency pairs.

Forex Signal System GBP/JPY Buy 12-11-2014

The EUR/CAD chart is shown below, this is the W1 time frame. We are looking for this pair to form a new trend on the W1 time frame in the next few days. Look for any strong buy signals on The Forex Heatmap® on this pair going forward. This pair is somewhat choppy now on the smaller time frames, but if the trend forms the overall potential is excellent. Current pricing is around 1.4280, and the upside potential is up to the 1.5400 area, so over 1100 pips is possible. Excellent money management ratio on any buy signals.

EUR/CAD Chart 12-10-2014

The GBP/JPY MN time frame is shown below. This pair is trending higher on the largest time frames, like the MN and W1 time frame. The current resistance level is 188.20, you can set a price alert here. Past this resistance level this pair has no nearby resistance, so the upside potential is excellent. Above the alert price of 188.20, look for buy confirmation using The Forex Heatmap®. The analysis of the GBP/JPY was performed with multiple time frame analysis of trends, which always starts with the largest time frames.

GBP/JPY MN Time Frame 12-3-2014

Today in the forex trading  the British Pound (GBP) was strong on all pairs. There was also some Euro (EUR)  weakness in the market. This caused the EUR/GBP to drop. This pair is headed into support levels at the 0.7825 area. We would scale out lots or exit this trade. The GBP/CHF moved inversely to the EUR/GBP and rose strong to the upside. This pair is approaching resistance levels at 1.5350-1.5400 area. We would scale out lots at the current price levels on this pair. The currency strength indicator you see below is The Forex Heatmap®, which provides live trading alerts for 28 pairs.

Forex Trading GBP Strength 12-3-2014

Today in the main trading session the AUD/CHF had a  visual sell alert on The Forex Heatmap®. The heatmap showed consistent AUD  (Australian Dollar) weakness on all pairs, which drove intra-day price movement. There was also some EUR strength and CHF strength in the market. The EUR/AUD rose and the AUD/CHF dropped. These pairs are not trending, they are ranging on the smaller time frames, therefore we would scale out lots on these short term trades. The heatmap trading alerts are visual alerts for 28 pairs.

Forex Trading Alert AUD/CHF Sell 11-24-2014

Today in forex trading the CHF (Swiss Franc) was  weak on all pairs. You can see the trading alerts below on The Forex Heatmap®. The CHF weakness drove substantial price movement on these pairs. The AUD/CHF moved higher and this pair is now at one fairly strong resistance level, so we would consider some profit taking at these price levels. The CAD/CHF moved higher and is likely going to continue higher on the larger time frames and trends as it looks like it is breaking out of resistance. The heatmap gives clear visual alerts indications of strength and weakness for 8 currencies and 28 pairs, for guiding buy and sell decisions.

Forex Alerts CHF Weakness 11-21-2014

The GBP/AUD is tending up on the H4 time frame. Several pairs on the forex market are also cycling or oscillating on the H4 time frames. The current resistance level is around 1.8235 on this pair. You can set a buy alert at this point. When the alert hits you can check The Forex Heatmap® to verify the buy entry. Past the alert price there is some resistance at 1.8390,  but it has potential to go much higher, possibly the 1.8600 area, shown by the yellow line. This represents about 375 pips of overall potential still remaining on the H4 time frame oscillation/range cycle. This analysis of the GBP/AUD was performed with multiple time frame analysis.

GBP/AUD Analysis 11-19-2014