Using these simple trend indicators for the AUD/USD, we will illustrate how to find trending pairs on the larger time frames. The AUD/USD is trending up on the W1 time frame, which is shown below in the image. The current resistance and price alert point is 0.7820, noted by the yellow line on the right. Traders should set an audible price alert here.
When the alert hits check The Forex Heatmap® forex heatmap for confirmation buy signal. The next resistance area is 0.8025, just over 200 pips away. So the money management ratio for this trade is excellent. If the MN time frame uptrend forms the potential is much higher. The trend indicators you see are exponential moving averages, which we use to analyze 8 currencies and 28 currency pairs for our daily trend analysis and preparation of our trading plans. Set them up using 5 and 12 time periods and color them green and red, respectively.
AUD/USD Trend Indicators