Category Archives: Trend Analysis, Support and Resistance

The trend analysis category will show charts of 28 different currency pairs, and the analysis of their trends using multiple time frame analysis.

GBP/JPY Trend Reversal 9-28-2016

A GBP/JPY trend reversal may be underway on the D1 time frame. Look for a buy signal on this pair in the main session starting tomorrow morning. You can watch The Forex Heatmap® to confirm any buys and also the live heatmap alert system. Current pricing is in the 132.00 area, overall pip potential is up to the 138.00 resistance area, noted on the chart.

GBP/JPY Trend Reversal

GBP/JPY Trend Reversal 9-28-2016

EUR/NZD Strong Downtrend 9-7-2016

The EUR/NZD is in a strong downtrend on the major time frames like the W1 and MN time frames. When analyzing all of the NZD pairs, the NZD is currently strong on all pairs. Traders can set an audible price alert for a sell at 1.5030, this price is noted on the chart below. The next major support is at the 1.4250 area or lower, also noted on the charts. We also have other sell plans based on NZD strength in our daily trading plans.

EUR/NZD Strong Downtrend

EUR/NZD Strong Downtrend 9-7-2016

To perform the analysis of the EUR/NZD we used multiple time frame analysis by individual currency, which is very powerful and revealing. This revealed that the EUR/NZD was in a strong down trend based mostly on the consistent NZD strength in the market. Currently, the EUR pairs are somewhat neutral or choppy. If any EUR weakness comes into the market, perhaps after tomorrow’s EUR news drivers on the economic calendar, we expect a strong sell off on this pair. The Forex Heatmap® and live heatmap alerts will keep us apprised of any EUR weakness in the market in real time.

NZD/USD Trending Higher 8-10-2016

The NZD/USD is trending higher on the larger time frames. The W1 time frame is shown below in the image. Current resistance and price alarm point is at 0.7305. The next resistance level is at the 0.7500 – to 0.7700 level as noted on the chart. Forex traders can set an audible buy alert at 0.7305 on their trading platforms. Then when the alert hits you can verify any buy trades with The Forex Heatmap®.

NZD/USD Trending Higher

NZD/USD Trending Higher 8-10-2016

Forex Trend Charts EUR/AUD 7-20-2016

The EUR/AUD is forming a new uptrend on the D1 time frame. Traders can set a buy alarm at the 1.4775 level. The upside potential on this new trend is as high as the 1.5500 resistance level, so entering this trend has excellent upside potential. When the price alert hits check The Forex Heatmap® for trade entry verification signals. The trend charts you see for the EUR/AUD are exponential moving averages which are easy to set up. These trend indicators can be used to follow the major trends of the forex market and our trend based trading plans. The chart patter on this pair looks like a double bottom, which is a reversal pattern off of support, click on the link to learn more about this forex reversal pattern along with other forex trading patterns.

Forex Trend Charts EUR/AUD 7-20-2016

Forex Trend Charts EUR/AUD 7-20-2016

NZD/USD Trading Plan 6-8-2016

Here is our current trading plan for the NZD/USD pair. The NZD was strong in the Asian session today so after this pair consolidates, we will set a buy alert at the near term resistance, just past 0.7130. When the price alert hits check The Forex Heatmap® for a confirmation buy signal. Current pricing is around 0.7120, overall pip potential is up to the next major resistance at 0.7550, shown on the chart. This is about 400 pips of potential, sour our money management strategies like risk reward ratio is pretty solid. We suspect we will be issuing several trading plans based on NZD strength and other pairs in the NZD group tomorrow in our daily trading plans.

NZD/USD Trading Plan

NZD/USD Trading Plan 6-8-2016

Forex Trading Plan USD/CAD 5-11-2016

The USD/CAD trading plan for the current market condition is as follows. This pair could begin trending down on the H4 and D1 time frames. Look for a sell signal on this pair in the main session, if it drops below 1.2830, it has pip potential down to the 1.2550 support area, which is noted by the yellow line. This trading plans was prepared using multiple time frame analysis by individual currency, and we are detecting some CAD (Canadian Dollar) strength in the market now. We use this method to analyze 28 pairs for our daily trading plans at Forexearlywarning.

Forex Trading Plan USD/CAD 5-11-2016

Forex Trading Plan USD/CAD 5-11-2016

Forex Trend Indicators AUD/USD 4-20-2016

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 a price alert here. When the alert hits check The Forex Heatmap® for buy entry confirmation signal. The next resistance area is 0.8025, however if the MN 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.

4-20-2016-AUDUSD-W1-Time-Frame

4-20-2016 AUDUSD W1 Time Frame

EUR/USD Resistance Breakout 4-6-2016

The EUR/USD has a resistance breakout point at the 1.1425 area or just above there. All forex traders can set a price alert there. When the price alert hits you can check The Forex Heatmap® for a confirmation buy signal. The EUR/USD has substantial upside potential and a new trend should form on the larger time frames above the breakout point, and also possibly on the MN time frame. The W1 time frame is pictured below. We use support and resistance breakout points combined with simple trend indicators to plan all of our trades across 28 pairs.

EUR/USD Resistance Breakout 4-6-2016

EUR/USD Resistance Breakout 4-6-2016

 

NZD/USD Trend and Resistance Levels 3-30-2016

The NZD/USD is trending higher on the W1 time frame. Current price alert point is at 0.6945, traders can set an a price here. When the price alert hits check The Forex Heatmap® for a confirmation buy signal. Past the alert price there is no nearby resistance and considerable upside potential. We use current trends and support and resistance levels to help us build all of our forex trading plans for 28 pairs.

NZD/USD Trend and Resistance Levels 3-30-2016

NZD/USD Trend and Resistance Levels 3-30-2016

CAD/CHF Trend Chart 3-23-2016

The CAD/CHF is trying to form a new down trend on the D1 time frame. The chart image is shown below. Traders can set a price alert at 0.7365 for a potential sell on this pair. When the alert hits check The Forex Heatmap® for trade entry verification. Since the trend is forming and new, the overall pip potential is strong as there is no nearby support levels below the alert price. These simple trends charts are 5/12 exponential moving averages that can be applied to multiple time frames. Traders can use these trend indicators for the CAD/CHF or any other currency pair, we trade 28 currency pairs at Forexearlywarning.

CAD/CHF Trend Chart 3-23-2016

CAD/CHF Trend Chart 3-23-2016