Forex Blog

Today in forex trading The Forex Heatmap® had a buy signal on the GBP/NZD. The New Zealand Dollar (NZD) was mostly weak today in the main forex trading session. There was also consistent British Pound (GBP) strength and some US Dollar (USD) strength.  This drove the intra-day movements and pushed the GBP/NZD higher and the NZD/USD lower for trading opportunities.  The GBP/NZD is approaching one resistance leven, and the NZD/USD is approaching one support level, so traders should be scaling out lots.

GBP/NZD Buy Signal 8-5-2014

The AUD/NZD  chart below indicates that this pair could be oscillating on the H4 and D1 time frames. This pair has hit resistance and could start to cycle down on these two time frames tomorrow in the main trading session We would start to look for sell signals on this pair tomorrow using The Forex Heatmap®. The overall potential is down to the 1.0650 support area, denoted in yellow. The Forexearlywarning trading system is a trend based trading system, but sometimes currency pairs start oscillating or ranging between support and resistance, and we prepare trading plans for these pairs also. When the market is not trending, traders can use our range trading strategies for all 28 pairs. The charts you see 5/12 exponential moving averages evaluated across multiple time frames.

Forex Trading Charts AUD/NZD 7-30-2014

Today in forex trading the USD/JPY had a live trading alert on The Forex Heatmap®. The US Dollar (USD) had consistent strength and the Japanese Yen) JPY was weak on the forex market. This created good movement on the USD/JPY for intraday trading. This pair is not trending up, it is oscillating up and down day-to-day but it could continue higher for one more day before reversing back down.. The next resistance level is at 103.40 for profit taking.

USD/JPY Trading Alert 7-30-2014

The EUR/AUD is trending down on the larger time frames like the W1 time frame seen below. This pair has excellent pip potential. You can set a sell alert at the 1.4220 support level, indicated by the yellow line. When the alert hits check the signals on The Forex Heatmap® to verify the trade entry, starting tomorrow and moving forward. The EUR (Euro) is currently weak on most or all pairs we follow. These trend indicators are exponential moving averages provided to our clients by Forexearlywarning.com.

Forex Trends EUR/AUD 7-23-2014

Today in the main forex trading session the AUD/CHF had a buy signal on The Forex Heatmap®. The Swiss Franc (CHF) was weak on all pairs. The AUD was also strong and this pushed the AUD/CHF higher. This pair is trending higher on the larger time frames like the W1 time frame. So we will continue to look to prepare a more detailed trading plan for a buys on this pair tonight and tomorrow. This pair could continue up to the 0.8700 area resistance. The live trading signals you see below are from The Forex Heatmap®.

AUD/CHF Trading Signal 7-22-2014

Today in forex trading the NZD/JPY had a sell signal on The Forex Heatmap® in the main forex trading session. This Japanese Yen (JPY) was strong all pairs and this drove the downward movement on this pair. This pair is trending down on the D1 time frame, and we expect it to  continue down to the 86.00 area support level. You can take profit as it approaches this support level. The  trade signal system you see below is The Forex Heatmap®, which provides live buy and sell signals for 28 pairs.

NZD/JPY Trade Signal 7-17-2014

The CHF/JPY is in a down trend on the D1 time frame. Current support is at 113.00, noted by the yellow line. You can set a price alarm at that point for a sell. Below 113.00 it has potential down to the 111.80 support level. There is a chance it could break the 111.80 support level and continue lower from there on the larger time frames. These forex indicators you see below are exponential moving averages set up on a 5 and 12 time period. Forexearlywarning makes these indicators available free for any trader who like to follow the trends of the forex market. This analysis was conducted using multiple time frame analysis of trends.

Forex Trend Charts CHF/JPY 7-16-2014

Today in forex trading, The Forex Heatmap® gave trade alerts for consistent GBP strength. The GBP/CAD moved higher as the British Pound (GBP) strengthened across the board. The EUR/GBP also moved lover, and this pair is trending lower on the higher time frames. The GBP/NZD is cycling up on  the H4 time frame and should continue up to the 1.9650 area resistance area. The alert system you see below is The Forex Heatmap®, which provides live visual trade alerts for 28 pairs and eight major currencies.

Forex Alert System GBP Strength 7-15-2014

Today after the Canadian employment news report, the CAD (Canadian Dollar) was weak on all pairs. Employment Change statistics came in at -9,400, and the unemployment rate edged up to 7.1% in June from 7.0% the prior month.

For traders, movement cycles on the CAD pairs were very good. Most of these pairs are not trending, but trading inside of ranges, so we consider these to be short term moves. The GBP/CAD did break out of one resistance level and it could continue higher to the next resistance area at 1.8450. The live currency strength indicator you see below is The Forex Heatmap®, which provides live buy and sell signals for 28 pairs. It works in most market conditions like after forex news drivers.

Currency Strength Indicator CAD Weakness 7/11/2014

The NZD/USD is trending higher on the larger time frames, like the W1 and MN time frame. This pair is just below a record price breakout to the upside with significant possible additional upside potential. Current bid price is 0.8820 and there is almost no resistance past there. Set a buy alert at 0.8830 and start to look for buy signals on this pair using The Forex Heatmap® to confirm your buy entry.  The trend indicators you see below are 5/12 exponential moving averages.

Forex Trend Analysis NZD/USD 7-9-2014