Trading plans for the week are all on this page with most recent one on top.
4549
Today in the main session the USD was strengthening. Pairs like the USD/JPY were slowly moving up, this pair should continue up on the H4 and D1 time frames and could go back to the 121.00 resistance area. Pairs like the AUD/USD dropped but were still above the breakout point of 0.8100 – 0.8110, we would like to see this pair break out before considering a new sell. We will continue looking to plan more sells on the AUD/USD next week.
4548
NZD/CAD - W1 uptrend is forming. Set a buy alarm at 0.9055, potential up to 0.9200 and beyond. The AUD/USD and AUD/CAD are in strong downtrends, however these pairs have pulled back against the trend. If you see a strong Heatmap signal in the main session, we would consider a sell these pairs.The AUD/NZD is nearing strong historic support. We will continue to monitor this pair for a break of 1.0475.News drivers for the upcoming main session from the CAD can be found on the news calendars.
4547
Today in the main session the CHF was weak on all pairs due to some unexpected interest rate news. This drove movement on the CHF pairs but most of the price movement was price spikes inside of ranges. We did not see any clear entries or pair breaking out into trends, the CHF pairs looked too choppy to trade despite the moves. News drivers for the upcoming Asian session from the JPY can be found on the news calendars.
4546
AUD/USD – strong downtrend in place, set sell alarm at 0.8105, only minor support below there, overall potential is substantial below the alarm price. USD/CAD – strong uptrend in place. Set buy alarm at 1.1665, no nearby resistance past there. GBP/USD – set support alarm at 1.5550, below there this pair has more room to drop on the larger time frames. If the JPY is weak tomorrow in the main session pairs like the CAD/JPY, AUD/JPY and USD/JPY have plenty of room to move back up on the H4 time frames, we would consider buys on any of these three pairs. Wednesday after 0200 GMT check our twitter feed and blog after the plans are issued for charts that illustrate current market trends and levels. News drivers for the upcoming main session from the EUR, GBP and USD can be found on the news calendars.
4545
Today in the main session we did not see any good quality entries. The USD strength that was in the market was on pairs like the EUR/USD, USD/CHF and USD/JPY but the time frames on these pairs looked a little choppy or just not trending, but inside of ranges. The rest of the market pairs were mixed. The market may be waiting on the FOMC news drivers a few hours from now to start moving again. News drivers for the upcoming Asian session from the NZD can be found on the news calendars. News drivers from the USD are also pending in a couple of hours, FOMC.
4544
EUR/AUD – strong uptrend in place, set buy alarm at 1.5240, next resistance area is 1.5400-1.5500. EUR/CAD – strong uptrend in place, some levels of resistance up to 1.4630 but we would consider any buy signals on this pair on the heatmap, excellent upside past 1.4630. GBP/AUD – strong uptrend in place, set buy alarm at 1.9175, excellent upside potential above there. NZD/CAD - the W1 time frame trend is forming to the upside, we would look for a buy signal on this pair, the overall potential is up to the 0.9350- 0.9500 area. Other pairs – the USD/CAD is trending higher and the AUD/USD is trending lower but both pairs look like they are consolidating tonight. Many of the JPY pairs could continue to sell off on the D1 time frames but overall trends on these pairs is still up, so we would treat any sells as short term trades on the JPY group. News drivers for the upcoming main session from the GBP, CAD and USD can be found on the news calendars.
4543
Today in the main session the JPY was weak, the GBP and NZD were mostly strong. There were short term upcycles on the NZD/JPY and GBP/JPY. These were good moves but these pairs are cycling up and down daily so we would scale out lots or exit, we consider these short term intra-day movements.
4542
CAD/CHF – strong downtrend in place, set sell alarm at 0.8265, potential is down to the 0.8000 area support. EUR/CAD – strong uptrend in place set by alarm at 1.4515, target resistance area is 1.5300-1.5450. NZD/CAD – set resistance alarm at 0.9040, room to move past there up to 0.9300-0.9400. USD/CAD – strong uptrend in place, set buy alarm at 1.1670, no nearby resistance past there. The JPY pairs could continue dropping but we expect them to stall and reverse back up at some point into their longer term uptrends. So if the heatmap indicates clear selling on these pairs (JPY strength) treat any sells as short term trades. News drivers for the upcoming main session from the GBP, EUR, CAD, USD and NZD can be found on the news calendars.
4541
Today in the main session the JPY was strong on all pairs. The JPY pairs sold off. CAD and GBP weakness caused the CAD/JPY and GBP/JPY to sell off pretty hard. We would scale out lots on any JPY pair sells but we think they could continue down another day before a reversal back up takes place. Overall trends are still up on these pairs. News drivers for the upcoming Asian session from the AUD can be found on the news calendars. | .jpg "Forex Heatmap")
