Forex Blog

Today in currency trading the consistent EUR (Euro) weakness drove price movement across the board on this group of pairs. The EUR/AUD is trending down and should continue lower. The EUR/NZD is nearing a support level breakout point at 1.5800. We will look to plan more sells on these pairs, and look for a downside breakout on the EUR/NZD. The EUR weakness is showing up on many of the trends in the current market. The live currency strength indicator  you see below is The Forex Heatmap®.

Currency Strength Trading EUR Weakness 5-13-2014

Today in currency trading the CAD (Canadian Dollar) currency strength was visible on all of the pairs in this group. This drove good price movement and trading opportunities.  The EUR/CAD dropped and it has broken one support level, this pair could be forming a larger downtrend. The CAD/CHF is also nearing a breakout point and we will look to plan more trades on both of these pairs later today in our next set of trading plans. The currency strength indicators you see below is The Forex Heatmap®, which provides live buy and sell signals for 28 pairs.

CAD Currency Strength 5-8-2014

The USD/CAD is forming a new trend to the downside. The W1 time frame is crossing to the downside so we expect this pair to start dropping. Below the current 1.0870 support area, noted in yellow, this pair has a lot of potential to drop.  You can set a price alert at this price and check The Forex Heatmap® for a sell signal below that price in the main trading session. Next support level is around 1.0650. The trend analysis you see was done with exponential moving averages and multiple time frame analysis.

USD/CAD Trend Analysis 5-7-2014

Today in forex trading The Forex Heatmap® signaled a buy on the NZD/USD. The USD (US Dollar) was weak on all pairs and there was some minor NZD (New Zealand Dollar) strength in the market. This pair is trending higher on the largest time frames and has broken most resistance levels, so it is a hold. The NZD/USD could be headed for historical highs.

Forex Signal System NZD/USD Buy 5-6-2014

The GBP/USD  analysis shows that this pair is trending higher on the MN time frame. This pair currently has no nearby resistance above the current pricing and very good upside potential. Set a price alert on this pair at 1.6885 look for a buy signal above this price using The Forex Heatmap®. This pair analysis was performed using multiple time frame analysis.

Currency Pair Analysis GBP/USD 4-30-2014

Today in forex trading the CAD (Canadian Dollar) strength created good price movement and forex trading opportunities. The EUR (Euro) was mostly weak so the EUR/CAD dropped strong to the downside. This pair should continue lower down to the next support area at 1.5075. Some Swiss Franc (CHF) weakness drove the CAD/CHF higher and this pair should continue up to the 0.8100 resistance area. The trading alert system you see below is The Forex Heatmap®.

Forex Trading Alert CAD Strength 4-29-2014

Today in the forex market the NZD (New Zealand Dollar) weakness was present on all pairs. This drove the GBP/NZD and EUR/NZD higher in trading today. Both of these pairs are some what choppy but trending higher on the D1 time frame. We would consider a hold on these pairs if you bought them, as we believe the trends will carry them higher. The visual alerts you see below are from The Forex Heatmap®, which provides live trading alerts for 28 currency pairs.

Forex Alerts NZD Weakness 4-28-2014

Today in the forex market the NZD (New Zealand Dollar) was weak on all pairs. This drove price movement and trade opportunities on most of the pairs in the group. Most of the NZD pairs are inside of trading ranges, but pairs like the GBP/NZD and EUR/NZD are nearing resistance breakout points. We will re-evaluate all seven pairs in the NZD group later today. We will look to set price alerts and set new trade plans on some of the pairs in this currency group that are trending on the larger time frames or have breakout potential. The forex market map you see below is The Forex Heatmap® which provides live buy and sell signals for 8 currency groups including the NZD pairs.

Forex Market NZD Weakness 4-24-2014

The EUR/CAD chart analysis shows that this pair is forming a new trend on the D1 time frame. The current price is at 1.5250 and the upside potential is back up to the 1.5550 resistance area, which is shown on the chart on the yellow lines. This is approximately 300 pips of upside potential. For entries into this new uptrend you can use The Forex Heatmap® to spot a buy entry point over the next few days in the main trading session. The chart analysis was performed with multiple time frame analysis.

Forex Chart Analysis EUR/CAD 4-23-2014

Today in forex trading the the AUD (Australian Dollar) was weak on all pairs. This weakness started after the CPI news drivers were announced.  Many of the AUD pairs had strong movements, however due to the amount of AUD strength in the overall market trends we suggest profit taking.  At some point we would expect these pairs to reverse, so we consider the movements today to be short term. Pairs like the AUD/CHF and EUR/AUD may continue moving one more day before stalling at support and resistance, respectively. The live trading signals you see below are from The Forex Heatmap®.

Forex Signals AUD Weakness 4-22-2014