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Today in forex trading the EUR/USD had a buy signal on The Forex Heatmap®, andthis pair moved much higher. The EUR (Euro) was strong on all pairs and these pairs moved to the upside.  The USD (US Dollar) also had some weakness. This pair could form a new D1 trend and continue back up to the 1.1450 area resistance, so we would hold some profitable lots. Other EUR pairs broke out to the upside and we will be preparing more trading plans to buy these pairs going forward. The trading signals you see below are from The Forex Heatmap®, a real time visual map of the forex market.

EUR/USD Trading Signal 6-2/2015

The USD/JPY chart and trend analysis indicates a strong uptrend on the largest time frames. The MN time frame is shown below. Current short term breakout point and price alert area is 124.00. You can set a price alarm here. When the alert hits check The Forex Heatmap® to confirm the trade entry. Past there there is some minor resistance at the 125.65 area. The overall potential is up to the 134.00 area. The charts you see below are our free trend indicators, which are 5/12 exponential moving averages, then analyzed with multiple time frame analysis.

USD/JPY Chart Analysis 5-27-2015

Today in forex trading the AUD/USD had a sell signal. The overall market had consistent US Dollar (USD) strength on all pairs. The JPY (Japanese Yen), AUD (Australian Dollar) and NZD (New Zealand Dollar) were also somewhat weak, contributing to the price movement on these pairs. The AUD/USD dropped and the next nearby support level is around 0.7700. As this pair approaches this support level we would scale out lots on any sell positions. Due to today’s market conditions the NZD/USD also dropped and the USD/JPY rose. The live AUD/USD trade signal you see below is from The Forex Heatmap®, which provides trading signals for 28 pairs, including the major USD pairs.

AUD/USD Trade Signal 5-26-2015

Today in forex trading The Forex Heatmap® alerted forex traders to the GBP (British Pound) strength in the market. This caused good price movement on all of the pairs in the GBP group of pairs. The NZD (New Zealand Dollar) and AUD (Australian Dollar)  also had some minor weakness. The GBP/AUD and GBP/NZD moved strongly higher. Both pairs are trending higher on the larger time frames and trends. The GBP/AUD has not broken through all of the near term resistance, but the GBP/NZD has fully broken out and should continue much higher. The visual alert system you see below is The Forex Heatmap®, which gives trade alerts for 28 currency pairs, and 8 different groups of currency pairs.

Forex Alert System GBP Strength 5-21-2015

The NZD/USD trend analysis shows that most of the major trends are now pointing down on this pair. When this pair reaches the 0.7225 – 0.7250 area it will begin to run out of support and we will start to set sell alerts at those prices. Below there it has room to drop down to the 0.7000 area, another critical support area. This trend analysis was done with the free trend indicators we provide to our clients, installed on meta trader. We then apply multiple time frame analysis by individual currencies. Right now the New Zealand Dollar (NZD) is weak on most or all pairs in the group

NZD/USD Trend Analysis 5-20-2015

The GBP/USD currency pair is trending up on the W1 time frame. The analysis indicates that the current resistance is about 1.5750. You can set a price alert there and above that price look for a buy signal on The Forex Heatmap®, to confirm any buys. The 1.5750 area is denoted by the red line. The analysis of this pair was done with some simple trend indicators available to any forex trader, they are exponential moving averages. Then we use multiple time frames by individual currency to perform the analysis.

Currency Pair Analysis GBP/USD 5-13-2015

Today in currency trading the GBP (British Pound) strength caused significant price movement on these pairs. There was also some NZD (New Zealand Dollar) and JPY (Japanese Yen)  weakness in the market. The GBP/NZD and the GBP/JPY moved much higher. The GBP/NZD has broken out of a resistance range and could be headed much higher on the W1 time frame trend. The GBP/JPY also moved much higher, but this pair is hitting one resistance level at the 187.50 area, so we would be scaling out lots on this pair. The GBP strength indicator you see below is The Forex Heatmap®, which measures currency strength and weakness in 28 currency pairs, and eight currencies, to guide forex traders.

Currency Strength Indicator GBP Strength 5-11-2015

The CAD/CHF chart shows that this pair is trending down on the D1 time frame. Below the current support level at 0.7690, shown by the red line, it has a lot of pip potential. You can set a price alert here. When the alert hits, look for a sell signal below there on The Forex Heatmap®. There is about 300 pips of potential to the next support area on this pair. Most of the market pairs are indicating a strong Swiss Franc (CHF), which supports our analysis.  The charts you see below are moving averages set up on a meta trader platform, then analyzed across multiple time frames.

Forex Chart Analysis CAD/CHF 5-6-2015

Today in currency trading the CHF (Swiss Franc) strength was signaled by The Forex Heatmap®.  This drove price movement for traders. The USD (US Dollar) also had some weakness. The USD/CHF dropped and broke one support level. This pair should continue lower to the next support level at 0.9200 but it should continue past there. The CHF/JPY also rose on the CHF strength, we would scale out lots on this pair just below the 130.00 area, which is the next resistance point. The trading signals you see below are from The Forex Heatmap®, which provides live entry signals for 28 pairs.

Currency Trading Signals CHF Strength 5-5-2015

The forex chart you see below is the NZD/CHF. This pair is trending down on the D1 time frame. The current support is at 0.7140, noted by the red line. You can set a price alert here. When the alert hits you can check The Forex Heatmap® for entry verification. Look for consistent NZD weakness or CHF strength or both on entry. We see no nearby support below the alert price, so the pip potential is excellent. The charts that we use for trading are exponential moving averages set on on a meta trader platform, across multiple time frames.

Forex Trading Charts NZD/CHF 4-29-2015