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All trading plans for the week are now on one page with most recent at the top.
4416
Today in the main session the AUD was weak on all pairs, the movements on these pairs started in the Asian session. All of the pairs in the group moved overnight on this basis. The EUR also has some strength and the EUR/AUD moved up strong, it could continue up to the next major resistance at 1.4425.
4415
USD/JPY – strong uptrend in place, set buy alarm at 107.30, we would only use strong heatmap signals on entry due to some historical levels of resistance for 100 pips or so past the alarm price, but past there is considerable additional upside. AUD/USD – strong downtrend in place, set sell alarm at 0.9075, exact target is unknown but 0.8900 or lower is possible. USD/CAD – strong uptrend in place, set buy alarm at 1.1060, next resistance point is around 1.1200 (approximate). NZD/USD – strong downtrend in place, set sell alarm at 0.8160, there are historical levels of support below the alarm price so only use strong heatmap signals on entry, however 0.7800 is possible. These two pairs were heading higher in the Asian session, if they continue up in the main session they have additional upside. EUR/AUD – D1 uptrend in place, next resistance area is around 1.4450. GBP/AUD – D1 uptrend in place, next resistance area is around 1.8175. News drivers for the upcoming main session from the JPY and USD can be found on the news calendars.
4414
Today in the main session the AUD and CAD were weak, there was some minor EUR strength. This drove the EUR/AUD and EUR/CAD much higher. The next resistance on the EUR/CAD is around 1.4325, the EUR/AUD has broken one resistance level and now could continue higher. The W1 trends are still down on these two pairs, so scale out lots on any buys.News drivers pending in a few hours from the EUR can be found on the news calendars.
4413
AUD/JPY – strong uptrend in place, this pair should go back up to the 98.50 resistance and continue higher, set a buy alarm at 98.00 if you wish. USD/JPY – strong uptrend in place, set buy alarm at 106.90, this pair is at some historical resistance but consider any strong heatmap buy signals because the overall potential is still very good. AUD/USD – strong downtrend is forming, set sell alarm at 0.9120, ovrall potential looks good to the downside. The NZD/USD is also trending down but the next support level is close by at 0.8075. GBP/CAD – we are looking for a reversal back up on the H4 time frame, set a buy alarm at 1.7780, upside potential is back up to the 1.8050 area. NZD/CAD – strong downtrend in place, set sell alarm at 0.8960, very good potential below there. News drivers for the upcoming main session from the USD can be found on the news calendars.
4412
Today in the main session the CAD strengthened on all pairs. Some currencies like the AUD and CHF had some weakness, creating good movement. The AUD/CAD dropped pretty hard, this pair is inside of a range so we would scale out lots or possibly exit any sells. The CAD/CHF moved up, this pair has resistance levels up to 0.8575 before it fully breaks out so any buys on this pair we would get the stop to breakeven. It is trending up on the larger time frames and it should eventually break out to the upside. News drivers for the upcoming Asian session from the NZD and AUD can be found on the news calendars.
4411
GBP/NZD- we are looking for a reversal back to the upside on the H4 time frame with potential up to 1.9825. GBP/AUD- we are looking for a reversal on the H4 time frame with potential up to the 1.7800 area. Set a price alarm at 1.7530 on this pair. Please note that the major trend is down. This is a short term trade against the trend. GBP/JPY- we are looking for a reversal on the H4 time frame with potential up to 173.50. You can check for GBP strength after the news driver. AUD/USD- D1 down trend in place. Set a price alarm at 0.9190. Next support area is approximately 0.9000. We counted more than 10 pairs that are consolidating or retracing against their major trends. By tomorrow we expect quite a few more trading plans. News drivers for the upcoming main session from the GBP can be found on The Forex Heatmap® dashboard.
4410
Today in the main session the AUD was weak on all pairs, the EUR and CHF had some minor strength. This drove the EUR/AUD higher, this was a short term trade against the trend. This pair it will likely hit the resistance around 1.4060 then reverse back down at some point. The AUD/CHF dropped and will likely hit the support at 0.8590 then reverse back up at some point. These pairs are moving inversely to each other against their major trends.
4409
AUD/JPY – strong uptrend in place, set buy alarm at 98.60, no nearby resistance past there. NZD/JPY – D1 uptrend in place, set buy alarm at 87.80, next resistance around 89.50. USD/JPY – strong uptrend in place, set buy alarm at 106.20, some historical levels of resistance nearby but the overall potential looks good. USD/CHF – strong uptrend in place, set buy alarm at 0.9365, exact target is unknown but the 0.9600 area is possible. GBP/USD – strong down trend in place set sell alarm at 1.6090, some historical levels of support down to 1.5950, but more potential below there. Only use strong heatmap signals on entry. EUR/CAD – if you see a buy signal on this pair and it continues higher, the next resistance area is around 1.4325, the overall trend on this pair is down. |