All trading plans for the entire week will now be on one page, most recent plan on top.
4406
Today after non-farm payrolls there was some CAD weakness and NZD strength, but these pairs spiked after the news and did not move after that. There was no follow through movement for any trading. The rest of the currency groups were mixed.
4405
Consider these trends and potential trades tomorrow after non-farm payrolls. AUD/JPY – strong uptrend in place, after NFP consider a buy signal on this pair above 98.65, no nearby resistance past there. NZD/JPY – consider a buy signal on this pair above 87.60, next resistance area is around 89.50. CAD/JPY – strong uptrend in place, after NFP consider a buy signal on this pair above 97.00, potential is to 98.70 resistance area. EUR/JPY – consider a sell signal on this pair below 136.00, it has potential below there to at least 134.50. USD/JPY – only consider strong buy signals on this pair after NFP, it has historical levels of resistance nearby, but the trend is strong. USD/CHF – strong uptrend in place, look for a buy signal on this pair after NFP, next resistance area is the 0.9500 area. EUR/AUD – strong downtrend in place, look for sell signal below 1.3810 after NFP, no nearby support below there. EUR/CAD – strong downtrend in place, look for sell signal below 1.4035 after NFP, no nearby support below there. GBP/AUD – strong downtrend in place, look for sell signal below 1.7440 after NFP, no nearby support below there. GBP/CAD – strong downtrend in place, look for sell signal below 1.7730 after NFP, no nearby support below there. NZD/CAD – strong downtrend in place, look for sell signal below 0.9000 after NFP, no nearby support below there. AUD/NZD – strong uptrend in place, look for a buy signal above 1.1285 on this pair after NFP, next resistance area is around 1.1400. AUD/CHF – strong uptrend in place, look for buy signal above 0.8730 after NFP, no nearby resistance past there. CAD/CHF – strong uptrend in place, look for buy signal above 0.8585 after NFP, no nearby resistance past there. Other pairs – EUR/USD - if you see another sell signal on this pair it has a lot of historical support around 1.2800, so we consider this the next target support area.
4404
Today in the main session the EUR and CHF sold off. The CAD and AUD had some minor strength. Movement cycles were strong today. Pairs like the EUR/CAD and EUR/AUD sold off and are trending down on the larger time frames, hold. Pairs like the CAD/CHF and AUD/CHF cycled up strong. We would hold the CAD/CHF and scale out some lots on the AUD/CHF due to some nearby resistance levels, but the trend is strong on this pair too.
4403
AUD/NZD – strong uptrend in place, set buy alarm at 1.1235, next resistance area is around 1.1400. NZD/CAD – strong downtrend in place, set sell alarm at 0.9035, some historical levels of support nearby so use strong heatmap signals on entry. GBP/CHF – this pair is could cycle back up on the smaller time frames, set buy alarm at 1.5150, resistance target is the 1.5275 area. GBP/USD - strong downtrend in place, set sell alarm at 1.6440, next support level is around 1.6300. GBP/AUD – strong downtrend in place, set sell alarm at 1.7590, plenty of potential below there. AUD/JPY – strong uptrend in place, set buy alarm at 98.05, no nearby resistance past there.
4402
Today in the main session the AUD was strong across the board. The USD, NZD and GBP had some weakness, driving movement. The AUD/USD moved up, this was a short term trade inside of resistance layers. The GBP/AUD broke support levels and is a hold, it should continue much lower. The AUD/NZD rose and is also trending, next resistance is around 1.1400.
4401
AUD/JPY – Strong Uptrend in place. Set a resistance alarm at 97.70, excellent upside potential above there. CAD/JPY – Set breakout alarm at 96.30, upside potential past there to the 98.70 resistance area. USD/JPY – Strong uptrend in place. Set a break out alarm at 105.40. Only use strong Heatmap signals upon entry, due to historical resistance levels. EUR/USD – Strong downtrend in place, set sell alarm at 1.3110, only use strong heatmap signals on any sells, there are many levels of support below the alarm price, target is unknown. GBP/USD – Strong downtrend in place, set sell alarm at 1.6460. Next level of support is 1.6300. GBP/AUD – Set sell alarm at 1.7705. Below there the trend will resume, with excellent pip potential. GBP/CAD – Set support alarm at 1.7970 (estimate). Below there the trend will resume, with excellent pip potential. AUD/NZD – Strong uptrend in place, set buy alarm at 1.1185. The next resistance level is at approximately 1.1400. NZD/CAD – Strong downtrend in place. Set a price alarm at 0.9060. There are some historical levels of support nearby, but overall potential is good.
4400
Today in the main session the NZD weakness continued. The NZD pairs started moving in the Asian session and continued through the main session. Many of these movements were inside of support or resistance ranges so we would be exiting any short term trades. The NZD/USD also dropped on the NZD weakness but is at one support level. In general the NZD pairs have mixed trend signals so pairs like the EUR/NZD moved up but no trend is present. |
.jpg "Forex Heatmap")
