Forex Blog

Today in currency trading the (Australian Dollar) AUD had some strength and the CAD was weak on all pairs after the CAD (Canadian Dollar) news drivers. The AUD/CAD had a clear buy signal on The Forex Heatmap®. This pair moved strong to the upside, and has excellent upside potential if the W1 time frame crosses to the upside and this trend fully forms on this larger time frame. The currency strength indicator you see below is The Forex Heatmap®, a real time trade entry indicator for 28 pairs.

Currency Strength Indicator AUD/CAD Buy 1-10-2014

The GBP/NZD currently has a trend on the H4 time frame.   This pair is cycling between support and resistance. We expect this pair to move higher on mostly GBP strength that we see in various GBP pairs in the market. The current short term resistance level is at 1.9925, this is denoted in red on the right and you should set a price alert there.

The target resistance area is also denoted in red at around the 2.0250 area. These simple forex indicators for monitoring market trends are exponential moving averages that can be set up on any Metatrader platform.

Forex Trends GBP/NZD 1-8-2014

Today in the currency trading market, the NZD/CAD had a clear buy signal on The Forex Heatmap®. This pair moved strong to the upside broke one resistance level. This pair should continue higher to the 0.8970, with additional potential past there, The NZD/CAD is trending on the higher time frames. The CAD weakness was also consistent in the currency market today, causing movement on this group of pairs. The Forex Heatmap® gives currency traders real time trading signals on 28 pairs.

Currency Trading Signals NZD/CAD Buy 1-7-2014

Today in currency trading the CAD weakness drove price movement. The CAD was weak on all pairs and the EUR had some strength as well. This caused the EUR/CAD to cycle up. This pair is trending on the larger time frames and it could continue to the 1.4750 resistance area. The currency strength trading signals you see below are from The Forex Heatmap®, a real time visual map of the currency market that provides live signals.

Currency Strength Trading CAD Weakness 1-6-2014

Today in currency trading markets the NZD was strong on all pairs in the group,  driving strong movement and trade opportunities. Pairs like the NZD/CHF had substantial movements to the upside and should continue upward to the target area resistance levels specified in our trading plans. The EUR/NZD moved strong to the downside and should continue to the target support area specified in our plans. Both pairs are trending on the D1 time frames. Other pairs like the NZD/USD and GBP/NZD also had good short term movements based on the NZD strength. The currency strength indicators you see below is the Forex Heatmap®, which gives currency trading signals for 28 pairs.

NZD Currency Strength 1-3-2014

Today in the main forex trading session the CAD was weak on all pairs. The CAD/CHF dropped strong to the downside and broke through a support level. We do not see any other nearby support levels below the current pricing, so we would consider a hold. The EUR/CAD broke through some short term resistance levels. Both pairs are trending on the higher time frames like the W1 and MN time frame. The signal system you see below is The Forex Heatmap®, which provides live buy and sell signals for 28 currency pairs.

Forex Signal System CAD Weakness 12-27-2013

In the forex market the  USD/CAD is trending higher on the larger time frames. This chart below shows the uptrend on the MN time frame. You can also check the smaller time frames (M5, M15) for current resistance levels of around 1.0725. You can set a buy alert at that price and look for a confirmation buy signal on The Forex Heatmap®. There is no nearby resistance and this pair has excellent upside to the 1.2700 area. The forex indicators you see below are some simple exponential moving averages for following the trends of the forex market.

Forex Trend Charts USD/CAD 12-18-2013

Today in forex trading the GBP was strong on all pairs and drove significant price movement in the group. Pairs like the GBP/AUD, GBP/CAD and GBP/NZD had strong movements to the upside based on the GBP strength. The GBP/AUD and GBP/CAD pairs have no nearby resistance and are trending higher. The GBP/NZD is inside of a resistance cluster and we would exit this trade. The visual trading alerts you see below are from The Forex Heatmap®.

Forex Trading Alert GBP Strength 12-18-2013

Today in forex trading we sent a visual alert to sell the GBP/JPY to our clients with The Forex Heatmap®, which is shown below. This pair dropped down to one heavy support level and we believe any sell trade should be exited at this level.  The GBP/CAD lso dropped today, and this pair will likely continue lower one more day as it has no nearby support. The heatmap provides live buy and sell signals to forex traders for 28 currency pairs.

Forex Alerts GBP/JPY Sell Signal 12-13-2013

Today in the forex market the AUD was weak on all pairs. This drove movement on this entire group of pairs.  There was also some USD strength in the market today, and the AUD/USD dropped considerably down to one major support level. Based on the current trends on this pair, it should break this support level and continue lower. The AUD weakness in the market today is shown below on our real time trade management indicator, The Forex Heatmap®.

Forex Market AUD Weakness 12-12-2013