Forex Blog

The chart of the USD/CAD below shows that this pair is forming a new uptrend on the D1 time frame. This pair is currently trading around 1.1000. The upside potential is up to the 1.1250 resistance area, shown by the yellow lines, so there is about 250 pips of upside potential on this newly forming trend.  You can look for a buy signal on this pair on The Forex Heatmap® in the main trading session over the next few days. The charts you see below are moving averages we provide to our clients set up on Meta trader.

Forex Trading Charts USD/CAD 4-16-2014

Today in currency trading the AUD/JPY had a clear sell signal.  This pair could continue lower for one to two more days and form a new support level. On an overall basis the forex market has a lot of AUD (Australian Dollar) strength remaining, so we would scale out lots on any continuing movement to the downside. If this pair stall at support we expect it to reverse back up at some point. The trading signals you see below are from The Forex Heatmap®,  which gives live buy and sell signals for 28 pairs.

Currency Trading Signals AUD/JPY Sell 4-15-2014

The GBP/USD is trending higher on the largest time frames. The trend chart you see below is for the MN time frame. The resistance breakout point is just above 1.6800, noted by the yellow line. Above this price you can set a price alert for a breakout of resistance, and it has excellent upside potential and no nearby resistance past that price. Look for buy signals in the main trading session using The Forex Heatmap®.

Today in forex trading the USD (US Dollar) was weak on all pairs, driving price movement and trading opportunities. There was also some JPY (Japanese Yen) strength in the market, so the USD/JPY dropped strong to the downside. This pair is approaching a support level so we would consider scaling out lots and managing and profit.  The GBP/USD also rose and this pair is inside of several resistance levels, and once again we would exit the trade or scale out most of your lots traded. The trading signals you see below are from The Forex Heatmap®, a real time visual map of the spot forex.

Forex Trading Signals USD Weakness 4-8-2014

The GBP/AUD trend charts are shown below for the D1 time frame. This pair could cycle up or down as the overall trend at this point is down but it could bounce off of support tomorrow in the main trading session. Therefore, we are setting two price alarms to intercept movement in either direction. There is excellent pip potential in both directions above or below the price alarm points at 1.8060 and 1.7900. If this pair cycles up, the D1 time frame trend could form back to the upside.

Forex Trend Charts GBP/AUD 4-2-2014

Today in forex trading the NZD weakness drove price movement on all of the pairs in this group.  These price movements originated in the Asian trading  session on most NZD pairs, and the movement continued into the early part of the main trading session. Pairs like the NZD/USD and NZD/CAD dropped. Some traders like to watch the NZD, AUD, and JPY pairs for possible trades during the best times to trade the forex market in the Asian session. The live signals you see below are from The Forex Heatmap®. The heatmap provides traders with live  signals for the Asian trading session on the left and for the main trading session on the right for 28 pairs and 8 different currencies.

Live Forex Signals NZD Weakness 4-2-2014

Today in forex trades the GBP/JPY had a clear buy signal. The D1 trend is forming to the upside on this pair and it could continue up to the 172.75 resistance area. So it has ongoing potential and we will continue to set additional buy plans on this pair. Other Japanese Yen (JPY) pairs like  the EUR/JPY also moved higher, and this pair is also trending to the upside. The live trade signals you see below are from The Forex Heatmap®, showing the British Pound (GBP) strength and the JPY weakness.

Forex Trade Signals GBP/JPY Buy 3-28-2014

Today in forex trading the EUR/NZD has a sell signal on The Forex Heatmap®. The New Zealand Dollar (NZD) was strong in the Asian session and this carried forward into the main trading session. Overnight movements on the NZD pairs were strong just ahead of today’s main trading session. Most NZD pairs are trending based on NZD strength. We expect the EUR/NZD to continue lower in the downtrend and the NZD/CHF to continue higher in the uptrend. The trading signals show below are from The Forex Heatmap®, a visual map of the forex market, the Asian session is on the left.

EUR/NZD Sell Signal 3-26-2014

The EUR/NZD pair is  currently in a down trend on trending lower on the larger time frames. The time frame you see below is the W1 time frame. There is very good pip potential below the current support level at 1.5980. It is possible this pair could continue down to the 1.5350 support area. The red and green trend indicators are moving averages provided by Forexearlywarning.com, set up on a Meta trader platform.

Forex Trend Analysis EUR/NZD 3-26-2014

Today in forex trading the AUD/CHF moved strongly higher. The Australian Dollar (AUD) was strong on all pairs, driving the price movement. The EUR/AUD also moved lower and is trending down on the D1 time frame, it should continue lower. The AUD/CHF moved higher and this pair is also trending up on the D1 time frame. We expect both pairs to continue in their trends with the overall market showing AUD strength. The Forex Heatmap® has the visual trading alerts for 28 pairs you see below.

AUD/CHF Trading Alert 3-26-2014