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- Tag CloudAUD AUD/CHF AUD/JPY AUD/USD AUD Strength AUD Weakness CAD CAD/CHF CAD/JPY CAD Weakness CHF currency strength EUR EUR/AUD EUR/CAD EUR/JPY EUR/NZD EUR/USD forex heatmap forex news GBP GBP/AUD GBP/CAD GBP/CHF GBP/JPY GBP/NZD GBP/USD GBP Strength JPY JPY strength JPY weakness NZD NZD/CAD NZD/CHF NZD/JPY NZD/USD NZD Strength NZD Weakness support and resistance trend analysis trend charts USD USD/CAD USD/CHF USD Weakness
Category Archives: Trend Analysis, Support and Resistance
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.
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.
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.
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®.
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 NZD/CHF is trending higher on the W1 time frame. Traders can set a buy alert at the 0.6985 resistance area, which is noted on the chart. When the price alert hits price check The Forex Heatmap® for a confirmation buy signal. The NZD/CHF has great upside pip potential past the alert price up to the 0.7400 area resistance level, noted on the trend chart below. So the overall pip potential is about 400 pips, which means the risk to reward ratio and money management ratio for this trade is excellent. We conduct all of our trend analysis using multiple time frames of trends. We isolate each currency like the NZD and CHF plus six other currencies and analyze them separately to determine the trend and overall plan of entry.
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.
This a chart of the GBP/USD on the W1 time frame. This trend is still new and has plenty of upside potential. Traders should set a buy alarm at 1.4725 on this pair. When the alarm hits check The Forex Heatmap® for a confirmation buy signal. The W1 trend is still forming so the upside potential is up to the 1.5150 resistance, or possibly much higher. The GBP is strong on all pairs right now based on an analysis if the trends by individual currency. Also, there are GBP (British Pound) and USD (US Dollar) news drivers tomorrow morning in the main session, so this trend could continue building tomorrow in the main forex trading session. These trade charts are easy to set up for all 28 pairs and the analysis techniques are available at Forexearlywarning.com for any trader.
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.
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.
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.