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The EUR/NZD is trending down on the larger time frames,  like the W1 time frame shown below. The analysis shows the next major support area begins around 1.5300 or slightly below there. The current pricing is around 1.5660, so this pair has excellent pip potential for a sell. Look for a sell signal on this pair in either trading session using The Forex Heatmap®. The New Zealand Dollar (NZD) is strong across the board now after the NZD interest rate announcement today, and this should drive the NZD strength and the EUR/NZD lower. This analysis was done using the free forex trend indicators we provide to our clients and multiple time frames.

EUR/NZD Analysis 6-11-2014

Today on the currency market the CAD (Canadian Dollar) was strong and this drove some short term movement. The CAD/CHF moved higher and the EUR/CAD moved lower on the smaller time frames. These pairs are trading inside of ranges on the H4 time frames and lower. Therefore you should scale out lots or exit your trades completely. The currency strength signals you see below are from The Forex Heatmap®, which provides accurate trading signals for 28 currency pairs.

CAD Currency Strength 6-9-2014

Today on the currency market the NZD  (New Zealand Dollar) was strong on all pairs. This strength drove upward price movement on several pairs like the NZD/USD and NZD/CAD. These pairs could be forming new uptrend on the D1 time frame. Going forward we will look for more NZD strength in the market and continue to follow these trends to the upside. We will look to issue more buy plans on the NZD pairs. The NZD pairs are great for trading, and are largely overlooked by forex traders. The currency pair characteristics of the NZD pairs give traders a wide variety of volatilities.

NZD Currency Strength

This is The Forex Heatmap®. It is our live currency strength indicator for 28 pairs. Traders can use this indicator along with our trend indicators to build a smple, trend based trading system for 8 currencies.

The GBP/JPY chart is oscillating on the H4 time frame. Look for  a sell signal on The Forex Heatmap® tomorrow in the main forex trading session on this pair. This pair has potential to drop down to the 170.00 support area, which is shown by the yellow line. This pair should continue to oscillate and range because the GBP and JPY pairs are not really trending now. The chart you see below is some 5/12 exponential moving averages we use for trend analysis with multiple time frames.

GBP/JPY Chart Analysis 6-4-2014

The NZD/CHF  had a sell signal today in forex trading. The New Zealand Dollar (NZD) was weak today on all pairs. This drove price movement and trading opportunities on several pairs like the NZD/CHF and the EUR/NZD. The NZD/CHF should continue lower as it is trending down, but the exact support target is not known. The EUR/NZD should also continue higher as it is trending higher on the larger time frames. The trading signal system you see below is The Forex Heatmap®, which works for 28 pairs

NZD/CHF Sell Signal 6-3-2014

The AUD/NZD had a buy signal today on The Forex Heatmap®. This movement cycle originated in the Asian session with NZD (New Zealand Dollar) weakness and continued overnight through the main trading session. This pair is starting a new uptrend on the larger time frames and we will continue to monitor for new buy entry points in our trading plans and using the heatmap.  The upside potential is excellent on this newly forming uptrend. The signals system you see below is The Forex Heatmap®, which provides live buy and sell signals for 28 currency pairs.

AUD/NZD Buy Signal 5-29-2014

The EUR/CAD D1 trend and time frame is shown below. This pair is currently in a strong a down trend. The next support level below 1.4760 looks to be around the 1.4500-1.4600 area. Set a price alert there and look for a sell signal on The Forex Heatmap® below 1.4760. The chart you see below are simple moving averages set up across multiple time frames on meta trader.

EUR/CAD D1 Time Frame 5-28-2014

Today in forex trading The Forex Heatmap® signaled and alert on the JPY (Japanese Yen) pairs. The JPY strength was consistent on all pairs. The NZD/JPY sold off and could continue down the the next support level around the 85.00 price level. The GBP/JPY also dropped but this looks like a short term intra-day trade into some support, so we would scale out lots or exit this trade for improved risk management and money management. The visual trading alerts you see below are from The Forex Heatmap®, which provides visual trading alerts for 28 forex pairs.

Forex Alerts JPY Strength 5-28-2014

Today in forex trading the CAD (Canadian Dollar) strength drove price movement on the forex market. The EUR/CAD dropped and this pair is trending lower on the larger time frames, it should continue lower. Other pairs like the AUD/CAD and the NZD/CAD are currently at support levels and could continue to trend lower early next week. The market strength and weakness indicator you see below is The Forex Heatmap®, which is a real time visual map of the forex market with live trading signals for 28 pairs.

Forex Market CAD Strength 5-23-2014

The NZD/CAD analysis shows that this pair is forming a down trend on the W1 time frame. Current short term support level and price alarm point is 0.9325, below here look for a sell signal on the The Forex Heatmap®. Exact support level target is unknown but this pair has no nearby support below the alarm price. This could be a good short term sell for 1-3 days. The analysis done on the NZD/CAD below was performed with multiple time frames across individual currencies.