5461
Today in forex trading the AUD strength moved most of the pairs in the group. Most of the moves started ahead of the main session. The AUD/JPY moved higher, it is retracing now but if you have a break even stop this pair could be building a W1 uptrend. The AUD/NZD also moved higher and is building a W1 uptrend. The EUR/AUD dropped, this pair has more pip potential on the W1 time frame trend, which is pointing down. We will continue to look to plan more buys and sells on the AUD pairs as more AUD strength comes into the larger time frames.
5460
AUD/JPY - this pair could be forming a new W1 uptrend, set a breakout alarm at 78.90, due to some historical levels of resistance nearby, only use strong heatmap signals on entry.
EUR/NZD - short term sell plan, set sell alarm at 1.5550, below there the H4/D1 trends could sell off with good short term pip potential, next major support is around 1.5350 on this pair.
News drivers for the upcoming main session from the GBP and USD can be found on the news calendars.
5459
Today in forex trading we did not see any new buy or sell entries. The market as a whole was quiet with very small moves and pairs consolidating. We did not see any breakouts or trend based movements today in the main session.
5458
USD/JPY - D1 uptrend in place, set buy alarm at 104.50, next resistance area is at 105.60-106.50 (range).
USD/CAD - looking for an upside breakout, set buy alarm at 1.3290, W1 uptrend could improve from here.
NZD/CAD - A W1 downtrend could form on this pair, set sell alarm at 0.9320, since this pair has some choppiness we would only enter on strong heatmap sell signals.
Other pairs - The GBP is very weak and we expect many of the GBP pairs to break back into their trends by Friday in the main session.
News drivers for the upcoming main session from the GBP and USD can be found on the news calendars.
5457
Today in the main session the USD strengthened, and the JPY was weak. The USD/JPY moved higher on the D1 time frame. It should continue higher to the next resistance level around 106.00. It is possible that the W1 trend could form going up on this pair over the next few days.
News drivers from the USD (FOMC Meeting) are pending later today.
5456
EUR/CAD - D1 down trend in place, set a price alarm at 1.4600. Next support area is close by at approximately 1.4475.
Other pairs:
AUD/NZD - the uptrend on this pair is strengthening, we will look to set a buy plan on this pair later this week at the 1.0750 breakout point.
The GBP strengthened in the Asian session. It could very easily weaken again in the main session and pairs like the GBP/CAD and GBP/CHF should start trending down again and go back to their intraday lows from earlier today.
5455
Today in forex trading the GBP was weak and the JPY strengthened, causing several strong moves. Most of the JPY pairs sold off hard. The GBP/JPY sold off, but this pair is at some historical support levels so we would scale out lots. The EUR/JPY also sold off, this pair should continue lower one more day on the H4 time frame, it has lots of support at 113.75 and below there, for possible profit taking levels. The GBP/USD also dropped and this pair is at new historical lows, the downtrend is still strong with no support nearby.
5454
AUD/JPY - the W1 trend could be forming going up, set buy alarm at 78.95, since there are nearby historical resistance levels we would consider any strong buy signals on the heatmap, if the W1 trend forms going up the overall pip potential is excellent.
CAD/JPY - the overall trend is down on this pair, but we see a short term buy possibility on the D1 time frame, set a buy alarm at 78.95, next resistance is close by at 80.00.
GBP/USD - strong downtrend in place, set sell alarm at 1.2310, no major support below there.
GBP/AUD - strong downtrend in place, set sell alarm at 1.6220, no nearby support below there.
GBP/CAD - strong downtrend in place, set sell alarm at 1.6235, no nearby support below there.
GBP/CHF - strong downtrend in place, set sell alarm at 1.2100, no nearby support below there.
NZD/CAD - we would consider any strong heatmap sell signals on this pair since the W1 trend could be forming going down, but exact target levels are unknown.
EUR/NZD - W1 uptrend could be forming on this pair, set buy alarm at 1.5675, since it has a lot of historical resistance levels up to 1.5800, consider any strong heatmap buy signals on this pair.
5453
Today after NFP most of the pairs that the heatmap pointed to were too choppy for trading. The smaller time frames were choppy on the CAD pairs and we did not think trading them was warranted, as the CAD was showing some weakness. Outside of the CAD pairs most of the market remained in ranges.
5452
Please consider these trends and possible trades after the Non Farm Payrolls news driver tomorrow.
USD/CAD - consider any buy signals on this pair after NFP, this pair looks ready to break out of its range, and it has considerable upside past the 1.3255 area.
GBP Pairs - due to the strong sell off in the Asian session on the GBP, we would be careful with new sell trades based on GBP weakness in the main session. However all of the GBP pairs are currently in strong trends based on GBP weakness.
Market Comments - The rest of the market is kind of choppy, so only consider strong heatmap signals after the NFP news driver.
News drivers for the upcoming main session from the GBP, CAD and USD can be found on the news calendars.
5451
Today in forex trading the GBP was weak. The GBP/USD dropped into it's down trend. On any new sell entries we would set stops to break even, this pair is in a strong downtrend with no historical support levels visible.
5450
CHF/JPY - D1 uptrend in place, set buy alarm at 106.40, next resistance area is at 107.70.
GBP/JPY - set resistance alarm at 132.40, check for a buy signal on this pair above there, overall potential is excellent if the D1 trend forms going up.
The NZD is weak and it could form some trends on the W1 time frame going forward, but the NZD pairs are choppy, so only consider the strongest trading signals on the heatmap based on NZD weakness. As breakouts occur on these pairs we will provide more exact plans.
News drivers for the upcoming main session from the USD can be found on the news calendars.
5449
Today in forex trading the JPY was weak. The GBP/JPY and CHF/JPY moved higher. The GBP/JPY does not have much trend support so we would scale out lots or exit any buys. The CHF/JPY has some D1 time frame trend support so it could continue past the 106.25 resistance for another day and continue past there.
News drivers for the upcoming Asian session from the AUD can be found on the news calendars.
5448
CAD/JPY - the overall trend on this pair is down but it could move higher on the D1 time frame, set a buy alarm at 78.15 on this pair, the next major resistance is at 80.00.
NZD/USD - this pair is in an overall weak uptrend but could drop for a couple of days on the D1 time frame, set a sell alarm at 0.7170, we would consider any strong heatmap sell signals.
GBP/USD - strong downtrend in place, set sell alarm at 1.2715, no historical support below there.
EUR/GBP - strong uptrend in place, set buy alarm at 0.8815, next resistance is at 0.8880, but past there additional upside to 0.9050, we would consider any strong heatmap buy signals on this pair.
GBP/CHF - strong downtrend in place, set sell alarm at 1.2440, no historical support below there.
News drivers for the upcoming main session from the GBP, USD and CAD can be found on the news calendars.
5447
Today in forex trading the JPY was weak. Most of these movements on the JPY pairs originated in the Asian session. The USD/JPY moved up, and this pair could continue higher to the 104.00 resistance area on the D1 time frame. We would scale out lots on any buys since the longer term trend is still down on this pair, but it should continue up another day or two.
News drivers for the upcoming Asian session from the AUD can be found on the news calendars.
5446
NZD/JPY - D1 uptrend in place, set buy alarm at 74.55, resistance target is at 75.80.
CAD/JPY - the long term trend is down on this pair but we see short term buy potential on the D1 time frame, set a buy alarm at 77.80, potential is to the 80.00 area but the exact target is unknown.
GBP/CHF - strong downtrend in place, set sell alarm at 1.2460, almost no historical support below there.
GBP/NZD - strong downtrend in place, set sell alarm at 1.7560, no historical support below there.
GBP/AUD - strong downtrend in place, set sell alarm at 1.6700, no historical support below there.
GBP/USD - strong downtrend in place, set sell alarm at 1.2825, no historical support below there.
News drivers for the upcoming main session from the GBP and NZD can be found on the news calendars. Also there is one strong news driver pending in a couple of hours from the AUD.
5445
Today in forex trading the GBP was weak. The GBP/AUD sold off and is at historical lows we will continue issuing sell plans as this pair has great potential on the MN time frame. The GBP/USD also dropped and it is at historical lows (post Brexit). The GBP weakness is evident on all of the major time frames on these pairs.
News drivers for the upcoming Asian session from the AUD and NZD can be found on the news calendars.
5444
GBP/CAD - D1 downtrend in place, set sell alarm at 1.6940, next major support is at 1.6750.
Other pairs - the GBP/USD and GBP/AUD are running out of support levels, if the GBP weakens this week we will look for breakout levels to set in our our trading plans as these pairs could break out to the downside and establish new post-Brexit lows.
Market Commentary - many of the pairs we follow are inside of ranges right now, in this situation you can use the heatmap for shorter term trades until we see some better looking trends or breakouts on the higher time frames. In our plans we will continue to point out any good quality trends or breakout points we spot until more pairs begin trending.
News drivers for the upcoming main session from the GBP and USD can be found on the news calendars. | .jpg "Forex Heatmap")
