Trading plans for the entire week are on this page with the most recent one on top.
4436
Today in the main session most of the heatmap signals were uneven or inconsistent. We only saw small movements on the smaller time frames inside of support or resistance layers or consolidations. No breakouts or significant movements today.
4435
EUR/JPY – set support alarm at 138.35, short term sell plan down to the 136.00 support area. CHF/JPY - set support alarm at 114.45, short term sell plan down to the 112.70 support area. AUD/NZD – set resistance alarm at 1.1100, above there the D1 trend will likely cross to the upside, with potential up to the 1.1285 area. NZD/CHF – strong downtrend in place, set sell alarm at 0.7495, next support levels start around 0.7375. News drivers for the upcoming main session from the USD can be found on the news calendars.
4434
Today in the main session the NZD was weak and dropped considerably on all pairs, movements were strong in this group, there was also some JPY strength in the market as well as AUD weakness. The NZD/JPY dropped hard, we would scale out lots as this pair looks to be at one support level. The NZD/USD also dropped in its downtrend, target support is 0.7800 on this pair. The AUD/JPY also dropped and the target is unknown on this pair so it would be best to scale out lots.
4433
GBP/JPY – set resistance alarm at 178.65, next resistance area is at 180.25 but this pair could go much higher. USD/JPY – strong uptrend in place, set buy alarm at 109.40, no nearby resistance past there. NZD/USD – strong downtrend in place, set sell alarm at 0.8045, target support area is around 0.7800. EUR/USD – strong downtrend in place, set sell alarm at 1.2765, we only see one level of support at around 1.2700, then it has additional downside potential to 1.2300. News drivers for the upcoming main session from the GBP and USD can be found on the news calendars. Wednesday after 0200 GMT check our twitter feed and blog after the plans are issued for charts that illustrate current market trends and levels.
4432
Today in the main session there was consistent AUD strength, generating short term movements. The AUD/CHF moved higher and the EUR/AUD moved lower. Both of these movements were short term only on the smaller time frames, no trend was present to support the moves. These look like short term bounces off of support or resistance only.
4431
GBP/JPY - set a resistance alarm at 178.70. Next resistance is just past 180.00, but this pair could continue higher. USD/JPY - strong uptrend in place, set price alarm at 109.30. No nearby resistance past there. AUD/USD - strong down trend in place, set price alam at 0.8830. Next support area is 0.8700. USD/CAD - set a resistance alarm at 1.1100. Next resistance is 1.2025.
NZD/USD - strong down trend in place, set price alarm at 0.8045. This pair has potential down to the 0.7800 area. GBP/USD - D1 timeframe is pointing up, but this pair is choppy on the smaller timeframes. We would still consider a strong Heatmap buy signal in the main session. Next resistance is approximately 1.6600. EUR/AUD - strong uptrend is building, set price alarm at 1.4550. Next resistance area is 1.4750. EUR/NZD - D1 uptrend in place, set price alarm at 1.5970. Potential up to 1.6100 or higher. AUD/CHF - Strong downtrend is building, set price alarm at 0.8290. Only use strong heatmap sell signals on this pair due to historical support levels nearby. News drivers for the upcoming main session from the EUR and USD can be found on the news calendars.
4430
Today in the main session the AUD and NZD were consistently weak and the EUR has some minor strength. The EUR/NZD moved up and has broken one resistance level, we may be planning additional buys on this pair to the 1.6100 area resistance. The EUR/AUD also moved up but this pair has not broken out of the current resistance layers, so scale out lots and set stop to breakeven, we will look to set more buy plans on this pair as well. News drivers for the upcoming Asian session from the NZD can be found on the news calendars.
4429
AUD/CHF – set support alarm at 0.8320, the trend is good on this pair but the exact target is not known, only use strong heatmap signals on entry, there are some levels of support below the alarm price. AUD/NZD – set support alarm at 1.0915, the trend on this pair is good but the exact target is not known, no nearby support below the alarm price. We see a lot of GBP strength in the market but most of these pairs are inside clusters of support or resistance, however the GBP/USD looks to have a clear shot at 1.6500 on the smaller time frames. The EUR/CAD is cycling up on the H4 time frame, it has upside potential to about 1.4380, the movement has started in the Asian session. EUR/AUD – set resistance alarm at 1.4505, only use strong heatmap buy signals above here because it has resistance layers to 1.4570 area, it may be worth the risk because above 1.4570 the upside potential is excellent. AUD/USD – strong downtrend in place, set sell alarm at 0.8855, target support area is around 0.8725. GBP/JPY – set resistance alarm at 178.35, this pair has upside potential to the 180.35 resistance area. |