Forex Blog

Forex Trade Charts GBP/USD 5-25-2016

This a chart of the GBP/USD on the W1 time frame. This trend is still new and has plenty of upside potential. Traders should set a buy alarm at 1.4725 on this pair. When the alarm hits check The Forex Heatmap® for a confirmation buy signal. The W1 trend is new and still forming so the upside potential is up to the 1.5150 resistance, or possibly much higher.  The GBP is strong on all pairs right now and there are GBP and USD news drivers tomorrow morning in the main session. These trade charts are easy to set up for all 28 pairs and the analysis are available at Forexearlywarning.com.

Forex Trade Charts GBP/USD 5-25-2016

Forex Trade Charts GBP/USD 5-25-2016

Posted in Trend Analysis, Support and Resistance | Tagged , , , |

GBP/JPY Buy Signal 5-18-2016

Today in forex trading the GBP strength caused strong movements on many pairs. The GBP/JPY had a buy signal on The Forex Heatmap®, along with several other GBP pairs showing great quality trading signals. The British Pound to USD exchange rate also soared today. News from the GBP about the claimant count employment data along with average earnings triggered the strength in the GBP today, and all GBP pairs we follow had technical and price breakouts. Based on today’s news we expect the GBP to continue strengthening. The real time buy signals from The Forex Heatmap®  are shown below along with some of today’s GBP price chart movements. The GBP/JPY should continue higher to the 162.00 resistance area, and the GBP/AUD has significant upside on the larger time frames. The Forex Heatmap® provides live buy and sell signals for 28 currency pairs, it is an easy to read tool for guiding all of your forex trade entries.

GBP/JPY Buy Signal 5-18-2016

GBP/JPY Buy Signal 5-18-2016

GBP/JPY Buy Signal 5-18-2016

GBP/JPY Buy Signal 5-18-2016

 

Posted in Forex Heatmap Examples | Tagged , , , |

Forex Trading Plan USD/CAD 5-11-2016

The USD/CAD could begin trending down on the H4 and D1 time frames. Look for a sell signal on this pair in the main session, if it drops below 1.2830, it has pip potential down to the 1.2550 support area, which is noted by the yellow line. This trading plans was prepared using multiple time frame analysis by individual currency. We use this method to analyze 28 pairs for our daily trading plans.

Forex Trading Plan USD/CAD 5-11-2016

Forex Trading Plan USD/CAD 5-11-2016

Posted in Trend Analysis, Support and Resistance | Tagged , , , , |

CAD Pairs Trading Alert 5-4-2016

Today in currency trading the Canadian Dollar (CAD) was weak across all pairs. See the live trading signals and alerts below in the images from The Forex Heatmap®.  The USD/CAD moved higher but we consider this to be a shorter term trade since the overall trend is down on this pair. The EUR/CAD also moved higher. This pair is trending up on the D1 time frame and should continue up to the next major resistance area at 1.4950, see the chart movement for this pair below in the images. The Forex Heatmap® provides live trading alerts for 28 pairs and eight currencies, including the CAD pairs.

CAD Pairs Trading Alert 5-4-2016

CAD Pairs Trading Alert 5-4-2016

CAD Pairs Trading Alert 5-4-2016

CAD Pairs Trading Alert 5-4-2016

Posted in Forex Heatmap Examples | Tagged , , , |

GBP/JPY Trading Alert 4-22-2016

Today in forex trading the GBP/JPY had a buy alert on The Forex Heatmap®. This pair had a strong movement to the upside. This pair is likely to continue to the next major resistance area at 162.00. Since the overall trend on the MN time frame is still down, we suggest scaling out lots on any profitable buy entries and trading on this pair. Other JPY pairs like the CAD/JPY also broke out and moved much higher today, this pair is forming a larger trend on the W1 time frame. The live trading alerts form The Forex Heatmap® are for buying and selling 28 pairs.

GBP/JPY Trading Alert 4-22-2016

GBP/JPY Trading Alert 4-22-2016

GBP/JPY Trading Alert 4-22-2016

GBP/JPY Trading Alert 4-22-2016

Posted in Forex Heatmap Examples | Tagged , , , , |

Forex Trend Indicators AUD/USD 4-20-2016

The AUD/USD is trending up on the W1 time frame, which is shown below in the image. The current resistance and price alert point is 0.7820, noted by the yellow line. Traders should set an alert here. When the alert hits check The Forex Heatmap® for buy entry confirmation signal. The next resistance area is 0.8025, however if the MN trend forms the potential is much higher. The trend indicators you see are exponential moving averages.

4-20-2016-AUDUSD-W1-Time-Frame

4-20-2016 AUDUSD W1 Time Frame

Posted in Trend Analysis, Support and Resistance | Tagged , , , , |

EUR/USD Resistance Breakout 4-6-2016

The EUR/USD has a resistance breakout point at the 1.1425 area or just above there. Traders can set a price alert there. When the alert hits you can check The Forex Heatmap® for a confirmation buy signal. This pair has substantial upside potential and a new trend should form on the larger time frames, and also possibly on the MN time frame. The W1 time frame is pictured below.

EUR/USD Resistance Breakout 4-6-2016

EUR/USD Resistance Breakout 4-6-2016

 

Posted in Trend Analysis, Support and Resistance | Tagged , , , , |

USD and GBP News Drivers 4-1-2016

Today in forex trading there were news drivers like GBP manufacturing PMI, USD Non-farm Payrolls and US Unemployment rate. The USD and GBP news drivers for today are listed in the economic calendar snapshot below. The net result for traders was that the GBP weakness dominated most of the market movement.

The GBP was weak on all pairs today and pairs like the GBP/JPY and GBP/AUD sold off. The GBP/JPY is in a long term downtrend and should continue down to at least the 158.50 support level on the H4 time frame, or possibly much lower. The GBP/AUD broke out and is now continuing in the W1 downtrend, the next major support is at 1.8350, so additional potential is available and the trend is strong.  The trading signal you see below is from The Forex Heatmap®, it works for giving live trading signals after most forex news drivers across 28 pairs. As you can see the GBP was weak today and this drove strong price movement, a chart of the GBP/CHF sell off is also shown.

 

USD and GBP News Drivers 4-1-2016

USD and GBP News Drivers 4-1-2016

USD and GBP News Drivers 4-1-2016

USD and GBP News Drivers 4-1-2016

USD and GBP News Drivers 4-1-2016

USD and GBP News Drivers 4-1-2016

Posted in Forex Heatmap Examples, Forex Trading News | Tagged , , , |

NZD/USD Trend and Resistance Levels 3-30-2016

The NZD/USD is trending up on the W1 time frame. Current price alert point is at 0.6945, traders can set an alert here. When the price alert hits check The Forex Heatmap® for a confirmation buy signal. Past the alert price there is no nearby resistance and considerable upside potential. We use current trends and support and resistance levels to help us build all of our trading plans for 28 pairs.

NZD/USD Trend and Resistance Levels 3-30-2016

NZD/USD Trend and Resistance Levels 3-30-2016

Posted in Trend Analysis, Support and Resistance | Tagged , , , |

CAD/CHF Trend Chart 3-23-2016

The CAD/CHF is trying to form a new down trend on the D1 time frame. The chart image is shown below. Traders can set a price alert at 0.7365 for a potential sell on this pair. When the alert hits check The Forex Heatmap® for trade entry verification. Since the trend is forming and new, the overall pip potential is strong as there is no nearby support levels below the alert price. These simple trends charts are 5/12 exponential moving averages that can be applied to multiple time frames. Traders can use these trend indicators for the CAD/CHF or any other currency pair, we trade 28 currency pairs at Forexearlywarning.

CAD/CHF Trend Chart 3-23-2016

CAD/CHF Trend Chart 3-23-2016

Posted in Trend Analysis, Support and Resistance | Tagged , , , , |