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Today in the forex market the NZD (New Zealand Dollar) was weak on all pairs. This drove price movement and trade opportunities on most of the pairs in the group. Most of the NZD pairs are inside of trading ranges, but pairs like the GBP/NZD and EUR/NZD are nearing resistance breakout points. We will re-evaluate all seven pairs in the NZD group later today. We will look to set price alerts and set new trade plans on some of the pairs in this currency group that are trending on the larger time frames or have breakout potential. The forex market map you see below is The Forex Heatmap® which provides live buy and sell signals for 8 currency groups including the NZD pairs.

Forex Market NZD Weakness 4-24-2014

The EUR/CAD chart analysis shows that this pair is forming a new trend on the D1 time frame. The current price is at 1.5250 and the upside potential is back up to the 1.5550 resistance area, which is shown on the chart on the yellow lines. This is approximately 300 pips of upside potential. For entries into this new uptrend you can use The Forex Heatmap® to spot a buy entry point over the next few days in the main trading session. The chart analysis was performed with multiple time frame analysis.

Forex Chart Analysis EUR/CAD 4-23-2014

Today in forex trading the the AUD (Australian Dollar) was weak on all pairs. This weakness started after the CPI news drivers were announced.  Many of the AUD pairs had strong movements, however due to the amount of AUD strength in the overall market trends we suggest profit taking.  At some point we would expect these pairs to reverse, so we consider the movements today to be short term. Pairs like the AUD/CHF and EUR/AUD may continue moving one more day before stalling at support and resistance, respectively. The live trading signals you see below are from The Forex Heatmap®.

Forex Signals AUD Weakness 4-22-2014

The chart of the USD/CAD below shows that this pair is forming a new uptrend on the D1 time frame. This pair is currently trading around 1.1000. The upside potential is up to the 1.1250 resistance area, shown by the yellow lines, so there is about 250 pips of upside potential on this newly forming trend.  You can look for a buy signal on this pair on The Forex Heatmap® in the main trading session over the next few days. The charts you see below are moving averages we provide to our clients set up on Meta trader.

Forex Trading Charts USD/CAD 4-16-2014

Today in currency trading the AUD/JPY had a clear sell signal.  This pair could continue lower for one to two more days and form a new support level. On an overall basis the forex market has a lot of AUD (Australian Dollar) strength remaining, so we would scale out lots on any continuing movement to the downside. If this pair stall at support we expect it to reverse back up at some point. The trading signals you see below are from The Forex Heatmap®,  which gives live buy and sell signals for 28 pairs.

Currency Trading Signals AUD/JPY Sell 4-15-2014

The GBP/USD is trending higher on the largest time frames. The trend chart you see below is for the MN time frame. The resistance breakout point is just above 1.6800, noted by the yellow line. Above this price you can set a price alert for a breakout of resistance, and it has excellent upside potential and no nearby resistance past that price. Look for buy signals in the main trading session using The Forex Heatmap®.

Today in forex trading the USD (US Dollar) was weak on all pairs, driving price movement and trading opportunities. There was also some JPY (Japanese Yen) strength in the market, so the USD/JPY dropped strong to the downside. This pair is approaching a support level so we would consider scaling out lots and managing and profit.  The GBP/USD also rose and this pair is inside of several resistance levels, and once again we would exit the trade or scale out most of your lots traded. The trading signals you see below are from The Forex Heatmap®, a real time visual map of the spot forex.

Forex Trading Signals USD Weakness 4-8-2014

The GBP/AUD trend charts are shown below for the D1 time frame. This pair could cycle up or down as the overall trend at this point is down but it could bounce off of support tomorrow in the main trading session. Therefore, we are setting two price alarms to intercept movement in either direction. There is excellent pip potential in both directions above or below the price alarm points at 1.8060 and 1.7900. If this pair cycles up, the D1 time frame trend could form back to the upside.

Forex Trend Charts GBP/AUD 4-2-2014

Today in forex trading the NZD weakness drove price movement on all of the pairs in this group.  These price movements originated in the Asian trading  session on most NZD pairs, and the movement continued into the early part of the main trading session. Pairs like the NZD/USD and NZD/CAD dropped. Some traders like to watch the NZD, AUD, and JPY pairs for possible trades during the best times to trade the forex market in the Asian session. The live signals you see below are from The Forex Heatmap®. The heatmap provides traders with live  signals for the Asian trading session on the left and for the main trading session on the right for 28 pairs and 8 different currencies.

Live Forex Signals NZD Weakness 4-2-2014

Today in forex trades the GBP/JPY had a clear buy signal. The D1 trend is forming to the upside on this pair and it could continue up to the 172.75 resistance area. So it has ongoing potential and we will continue to set additional buy plans on this pair. Other Japanese Yen (JPY) pairs like  the EUR/JPY also moved higher, and this pair is also trending to the upside. The live trade signals you see below are from The Forex Heatmap®, showing the British Pound (GBP) strength and the JPY weakness.

Forex Trade Signals GBP/JPY Buy 3-28-2014