Forex Blog

The GBP/USD is trending higher on the largest time frames, like the MN time frame shown below. Past the current pricing it has no nearby resistance and excellent upside potential. Current pricing is around 1.7170. We will continue looking for buy signals on this pair going forward using The Forex Heatmap®. The trend indicators you see below are exponential moving averages we provide to our clients for free.

Forex Trend Indicators GBP/USD 7-2-2014

Today in currency trading the AUD (Australian Dollar) strengthened on all pairs, causing movement in this group of pairs. The AUD/JPY moved strongly higher on JPY weakness and this pair has broken most short term resistance levels, it is now trending higher. We will continue to plan more buy entries on this pair. The EUR/AUD also dropped but this pair is inside of trading ranges on the H4 time frame so we would consider exiting this trade. The trading signals you see below are from The Forex Heatmap®, which provides currency signals for 28 pairs.

Currency Trading Signals AUD Strength 7-1-2014

The EUR/USD chart shows that a new uptrend is forming on the D1 time frame. le back on up the D1 time frame. This pair is somewhat choppy so when you monitor this pair in the main session for a buy signal, make sure your forex heatmap signals are strong on entry. The upside potential is back up to the to the 1.3900 area resistance, noted in yellow. The chart you see below is exponential moving averages installed on the meta trader platform

Today in currency trading the New Zealand Dollar (NZD) was strong on all pairs. This strength drove movement on several currency pairs on the NZD group. The NZD/USD cycled up and the GBP/NZD cycled down fairly strong. The NZD/USD is trading inside of a range on the smaller time frames and we would exit this trade. The GBP/NZD is also ranging but it should continue down for one more day to the next support level. The currency strength indicators you see below is The Forex Heatmap®, which provides trading signals for 28 currency pairs in real time.

Currency Strength Trading NZD Strength 6-25-2014

The AUD/NZD is oscillating and ranging on the H4 time frame. It has cycled down to support at the 1.0750 area. It will likely build a reversal at this point and oscillate back up on the H4/D1 time frames over the next 1-2 days. Upside potential is back up to the 1.1000 area resistance, noted in yellow. If a currency pair is not trending on the larger time frames it is likely an oscillatiing or ranging currency pair, but pairs like this can still be trades on 1-3 day swings. Look for a buy signal on this pair using The Forex Heatmap®, and look to exit at the 1.1000 area resistance. This pair was analyzed using multiple time frames.

AUD/NZD H4 Time Frame 6-18-2014

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.