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The GBP/CHF currency pair trend analysis is shown below. This is the H4 time frame. This pair sold off and is now consolidating in a cluster. We expect this pair to reverse back up and break out to the upside. Set a resistance breakout alert at 1.4900, see red line.

Above there it has around 400 pips of upside potential back up to the 1.5300 resistance area. When the alert hits check The Forex Heatmap® forex heatmap for buy entry verification. These price alert area and resistance target area are marked in red on the analysis chart below. The GBP/CHF currency pair was analyzed with multiple time frame analysis by individual currency, this analytical method works for all 28 currency pairs we follow at Forexearlywarning.

Currency Pair Analysis GBP/CHF

Today in forex trading the NZD pairs had a real time trading alert to sell the NZD (New Zealand Dollar) on on The Forex Heatmap®. The New Zealand Dollar (NZD) was weak on all pairs. This drove the NZD/JPY much lower and the EUR/NZD higher. Both pairs should continue in the same direction as they are both now back into their trends on the larger time frames. The trading alerts you see below are from The Forex Heatmap®, which provides live trading alerts for 8 currencies like the NZD and a total of  28 pairs.

NZD Pairs Trading Alert

NZD Pairs Trading Alert Chart

Today in forex trading the NZD/JPY had a trading signal for a sell on The Forex Heatmap® forex heatmap. This pair and all of the other New Zealand Dollar (NZD) pairs all moved on this basis. The NZD/JPY is at one support level so we would scale out lots on any sells. The NZD/USD also sold off strong and  should continue lower after a consolidation period, it is in a strong down trend.

The trading signals you see below for the JPY pairs are from The Forex Heatmap®, which offers live signals for 28 pairs and 8 currencies. Any strong, consistent signal accompanied by a trend on at least the H1 time frame is a ripe opportunity for pips for any forex trader.

NZD/JPY Trading Signal

NZD/JPY Trading Signal Chart

Here is an analysis of the CHF/JPY on the D1 time frame. The D1 is in an uptrend and pointing up. However, there are many layers of support above the current price of 165.20. This is a large cluster of resistance from 165.20 to 166.50. Above 166.50 is a breakout point for a buy. So if you get any buy signals below this price be very careful. Even though the D1 uptrend is a good trend, the final filter for any trade should be your price target, considering all support and resistance levels. Trading inside clusters introduces risk to the trade, so avoid any buys or reduce lots size significantly when trading inside of clusters.

Forex Chart Analysis CHF/JPY

Today in forex trading the CAD/CHF had a trade signal for a buy on The Forex Heatmap® forex heatmap. This pair has cycled up to a heavy resistance level at 0.6940. Total movement cycle was about 65 pips. We would be scaling out lots here or possibly exiting the trade completely. Other pairs like the GBP/CAD moved much lower today as the CAD strength dominated the trading in the 8 currency groups we watch.

The market is mostly ranging and oscillating between support and resistance now.  The heatmap signal you see below is for the CAD pairs, but the heatmap monitors 28 pairs and gives real time trade signals for 8 currencies in both forex trading sessions, which are the best times to trade the forex market. The forex market has two trading sessions, the Asian session and the main trading session.

CAD/CHF Trade Signal

CAD/CHF Trade Signal Chart

Today in forex trading The Forex Heatmap® had a trade alert for AUD weakness and the AUD (Australian Dollar) pairs. The AUD weakness drove significant price movement on all pairs in the AUD group. There was also some US Dollar (USD) strength in the market. The AUD/USD had a very strong movement to the downside. This pair is currently ranging and should continue down to the next major support area at 0.6700, which is just below the current price. The visual alert system you see below is The Forex Heatmap®, which provides visual forex trading alerts for 8 currencies and 28 currency pairs total.

Forex Alert System AUD Weakness

Forex Alert System AUD/USD Chart

This is an analysis of the EUR/CHF trading charts using the D1 and H4 time frames, and the principles of multiple time frame analysis. With multiple time frames you always check the higher time frames first, then drill down to the smaller time frames for trade entry confirmation in the same direction.

Forex Trading Charts EUR/CHF D1 Time Frame

Use these easy to set up exponential moving averages as your trend indicators for all nine (9) of the time frames, M1 to MN. In this case the D1 trend above is stalling at resistance. Traders should be looking for a new down trend to form on the D1, assisted by reading the smaller time frames like H4 and H1.

Forex Trading Charts EUR/CHF H4 Time Frame

You can see that the H4 time frame is now pointing down. So wait for the first breakout point to be breached at a price of 0.9570 on the EUR/CHF (yellow line), then you can look to sell this pair. When the price alert is breached make sure the EUR is weak or the CHF is strong, or both, using our visual tool called The Forex Heatmap ®. Below the 0.9570 breakout point this pair has lots of room to drop on the D1 cycle, so the money management ratio is excellent on this pair on the sell side.

Monitoring the support breakout point of 0.9570 is easy using audible price alerts.  Then conform the sell with the heatmap to ensure your risk is low on entry. combines with trading in the direction of the trend.

If forex traders ues multiple time frame analysis consistently on the higher time frames, like the H4 and larger, they would have more success trading while avoiding choppy market conditions. Pairs like the EUR/CHF along with the top 28, most liquid pairs becomes a reality with these simple techniques.

Today in currency trading the AUD (Australian Dollar) strength drove strong price movement and profit opportunities for forex traders.

The AUD/USD and AUD/CAD moved up strong after the Asian session interest rate news from Australia. These movements continued overnight and into the main session. These movements were strong but the longer term trends on these two pairs are still pointing down. So we scale out lots and take some profit. The currency strength indicator you see below is The Forex Heatmap®, which is an excellent visual map of the forex market that provides live buy and sell signals for 8 major currency groups, including the AUD pairs. The heatmap also has a real time push alert system to notify traders of consistent movements across 8 currencies and 28 pairs total.

Currency Strength Indicator AUD Strength

Currency Strength Indicator AUD Strength AUD/CAD Chart

Today in currency trading the Euro (EUR) strength drove price movement on all EUR pairs. The EUR/USD moved strongly higher, this pair is somewhat choppy but it is starting a new trend on the D1 time frame, and it has upside potential from here. The EUR/JPY also moved strongly higher, this pair has a strong uptrend in place and should continue to the next resistance at 129.50. Since both pairs are in uptrends on the higher time frames, we will continue to provide written forex trading plans to buy these pairs going forward.

The live trading signals you see below are from The Forex Heatmap®, which provides buy and sell signals for 28 currency pairs including the EUR pairs and 7 other currency groups. Having a strong trade entry management system like this allows traders to scale out lots and move stops to breakeven, creating consistent trading profits. Momentum based trade entry systems are superior to all others.

Currency Trading Signals EUR Strength

Currency Trading Signals EURJPY Chart

The USD/CAD is trending higher on the largest time frames, like the MN time frame trend shown below. This pair has now broken the critical 1.3000 resistance area, noted in red. There is no nearby resistance past this price the next resistance we can see is at approximately 1.3650, which is also noted in red on the far left. We will continue to follow this trend going forward, setting buy plans and looking for buy signals. If you see a buy signal for the USD/CAD with The Forex Heatmap® in the main trading session, we sould strongly consider buying this pair. The trend charts you see below are 5/12 exponential moving averages we  apply to all 9 time frames on metatrader.

Forex Trends USD/CAD 7-22-2015