Forex Blog

The GBP/JPY chart is oscillating on the H4 time frame. Look for  a sell signal on The Forex Heatmap® tomorrow in the main forex trading session on this pair. This pair has potential to drop down to the 170.00 support area, which is shown by the yellow line. This pair should continue to oscillate and range because the GBP and JPY pairs are not really trending now. The chart you see below is some 5/12 exponential moving averages we use for trend analysis with multiple time frames.

GBP/JPY Chart Analysis 6-4-2014

The NZD/CHF  had a sell signal today in forex trading. The New Zealand Dollar (NZD) was weak today on all pairs. This drove price movement and trading opportunities on several pairs like the NZD/CHF and the EUR/NZD. The NZD/CHF should continue lower as it is trending down, but the exact support target is not known. The EUR/NZD should also continue higher as it is trending higher on the larger time frames. The trading signal system you see below is The Forex Heatmap®, which works for 28 pairs

NZD/CHF Sell Signal 6-3-2014

The AUD/NZD had a buy signal today on The Forex Heatmap®. This movement cycle originated in the Asian session with NZD (New Zealand Dollar) weakness and continued overnight through the main trading session. This pair is starting a new uptrend on the larger time frames and we will continue to monitor for new buy entry points in our trading plans and using the heatmap.  The upside potential is excellent on this newly forming uptrend. The signals system you see below is The Forex Heatmap®, which provides live buy and sell signals for 28 currency pairs.

AUD/NZD Buy Signal 5-29-2014

The EUR/CAD D1 trend and time frame is shown below. This pair is currently in a strong a down trend. The next support level below 1.4760 looks to be around the 1.4500-1.4600 area. Set a price alert there and look for a sell signal on The Forex Heatmap® below 1.4760. The chart you see below are simple moving averages set up across multiple time frames on meta trader.

EUR/CAD D1 Time Frame 5-28-2014

Today in forex trading The Forex Heatmap® signaled and alert on the JPY (Japanese Yen) pairs. The JPY strength was consistent on all pairs. The NZD/JPY sold off and could continue down the the next support level around the 85.00 price level. The GBP/JPY also dropped but this looks like a short term intra-day trade into some support, so we would scale out lots or exit this trade for improved risk management and money management. The visual trading alerts you see below are from The Forex Heatmap®, which provides visual trading alerts for 28 forex pairs.

Forex Alerts JPY Strength 5-28-2014

Today in forex trading the CAD (Canadian Dollar) strength drove price movement on the forex market. The EUR/CAD dropped and this pair is trending lower on the larger time frames, it should continue lower. Other pairs like the AUD/CAD and the NZD/CAD are currently at support levels and could continue to trend lower early next week. The market strength and weakness indicator you see below is The Forex Heatmap®, which is a real time visual map of the forex market with live trading signals for 28 pairs.

Forex Market CAD Strength 5-23-2014

The NZD/CAD analysis shows that this pair is forming a down trend on the W1 time frame. Current short term support level and price alarm point is 0.9325, below here look for a sell signal on the The Forex Heatmap®. Exact support level target is unknown but this pair has no nearby support below the alarm price. This could be a good short term sell for 1-3 days. The analysis done on the NZD/CAD below was performed with multiple time frames across individual currencies.

Today in forex trading the AUD (Australian Dollar) weakness drove price movement on all pairs in the group. There was a strong downward move on the AUD/JPY, this pair is trending down on the D1 time frame and will continue lower. The GBP/AUD also rose to the 1.8200 resistance area, we would scale out some lots here and we will check the trends on this pair to see if it will continue. Check our next set of trading plans that will be published later today.

Forex Signals AUD Weakness 5-20-2014

The USD/CHF chart analysis is shown below. This pair is in a down trend on the larger time frames, like the W1 time frame.  It has cycled up on the H4 time frame and we now expect it to cycle back down and get back into the longer term down trend.  It should drop back down to the 0.8730 support area, shown by the yellow line, and eventually continue much lower. Look for a sell signal on this pair in the main trading session using  The Forex Heatmap®. The chart system you see below is the meta trader platform with 5/12 exponential moving averages.

USD/CHF Chart Analysis 5-14-2014

Today in currency trading the  GBP/JPY had a strong sell signal on The Forex Heatmap® during the main forex trading session. This pair should continue to drop to the 170.00 area support level, however we would scale out lots on this pair and take some profit as the longer term trend signals are mixed. This live signal is very strong as the GBP was weak and the JPY was also strong, we call this a “slingshot”.

The Forex Heatmap® signaling system you see below works for 28 currency pairs and eight major currency groups. The heatmap provides buy and sell signals in the during both forex trading session and the best times to trade the forex market. The Asian trading session and the main trading session.

GBP/JPY Sell Signal The Forex Heatmap