Category Archives: Uncategorized

These are uncategorized, general forex blog posts and articles. They cover general topics about forex trading and the retail forex trading industry.

Forex Trading Signals CAD Weakness 8-22-2016

Today in forex trading the GBP/CAD and NZD/CAD moved higher on CAD (Canadian Dollar) weakness. The GBP/CAD should continue higher on the H4 and possibly D1 time frames, but the major trend on this pair is down on the MN time frame. The GBP/CAD still has upside potential going forward for 1 or 2 two days. The NZD/CAD moved higher but this pair is inside of various levels of resistance, for that reason we would scale out lots or exit this trade. The trading signals for the CAD pairs is shown below from The Forex Heatmap®, along with the price chart movement. The heatmap provides trading signals for 28 currency pairs and can be used for day trading or entering new or existing trends on the higher time frames.

GBP/CAD Price Chart Movement 8-22-2016

GBP/CAD Chart Movement 8-22-2016

CAD Weakness 8-22-2016

CAD Weakness 8-22-2016

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Forex Trend Analysis NZD/CHF 6-29-2016

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.

Forex Trend Analysis NZD/CHF

Forex Trend Analysis NZD/CHF

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Forex Trade Charts GBP/USD 5-25-2016

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.

Forex Trade Charts GBP/USD 5-25-2016

Forex Trade Charts GBP/USD 5-25-2016

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EUR/USD and NZD/USD Trading Signal 3-3-2016

Today in forex trading the USD (US Dollar) was weak on all pairs, see the live trading signals below from The Forex Heatmap®.  The EUR and NZD strength that was also in the market drove the NZD/USD and EUR/USD higher. The EUR/USD is likely going to continue higher to the 1.1050 resistance area on the H4 time frame. The NZD/USD also moved higher on the H4 time frame but we cannot tell if it has further upside potential. On the NZD/USD traders should consider scaling out lots on any profitable trades. The Forex Heatmap® provides live trading signals for  the USD pairs, but it also provides signals for a total of eight groups of currencies and 28 pairs total. It is a live indicator that assists with trade entry management with the easy to read signals and arrows.

EUR/USD and NZD/USD Trading Signal 3-3-2016

EUR/USD and NZD/USD Trading Signal 3-3-2016

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GBP/USD MN Time Frame 2-24-2016

The GBP/USD is trending down on the larger time frames, like the MN time frame shown below. You can set a price alert at 1.3880 on this pair, see the yellow line on the left. When the alert hits check for a sell signal using The Forex Heatmap®. The next support area we see is at 1.3650, but most of the historical support is now broken, and we believe this pair could move lower. The red and green trend indicators are 5/12 exponential moving averages. For forex market analysis we apply these moving averages to multiple time frames for trend analysis, by individual currency groups. This is the most thorough analysis technique for the forex market.

GBP/USD MN Time Frame 2-24-2016

GBP/USD MN Time Frame 2-24-2016

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GBP/AUD Trade Signal 2-22-2016

Today in forex trading the AUD (Australian Dollar)  was strong and the GBP (British Pound) was mostly weak. The GBP/AUD had a strong sell off. See the live trade signals pictured below.  The GBP/AUD is trending down on the W1 time frame and it should continue down to the 1.9350 support zone. So any sells today will have additional pip potential beyond today’s movement. The AUD/CHF also had a buy signal and a strong movement higher. The trade signals you see below are from The Forex Heatmap®, which provides live signals for 28 pairs. The snapshot below is of the AUD pairs, but the heatmap also gives live signals for seven other currency groups in an easy to read format.

GBP/AUD Trade Signal 2-22-2016

GBP/AUD Trade Signal 2-22-2016

 

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Currency Strength Strategy For 8 Currencies, Two Methods

In this article we will present a currency strength strategy for forex trade entries and another strategy for market analysis, both strategies work at helping forex traders to make more pips. These two strategies will improve any trader’s understanding of the current market condition, along with more much more profitable trade entries, trade after trade.

Currency Strength Strategy For Current Market Momentum

Measuring the current market momentum in real time is one currency strength strategy. In the example below the USD (US Dollar) was weak on all pairs. This drove significant movement for traders on this day (2-3-2016) on all seven of the USD pairs we follow with the Forexearlywarning trading system. There was also some minor NZD (New Zealand Dollar) and CAD (Canadian Dollar) strength in the market. So the NZD/USD moved strong to the upside, and it makes perfect sense. Since the NZD/USD was also in an uptrend on the larger time frames, it should continue higher on the D1 time frame to the 0.6800 resistance area. So you have a strong entry point and additional potential for more pips riding the trend.

Also, the USD/CAD dropped on the US dollar weakness and is currently at one support level, so in this case a trader may choose to scale out lots and reduce position size. The EUR/USD also moved up strong on this day and broke out of it’s trading range, now this pair has additional upside on the D1 time frame as well. So you can also plan more trade entries going forward on the pairs that are trending. A phenomenal and profitable day of trading for any day rader or trend trader on only one group of pairs, with strong movements. The real time currency strength indicator in this strategy you see below is The Forex Heatmap®, which provides live buy and sell signals for 28 pairs, including the US Dollar pairs and seven other currencies

Currency Strength Strategy

Currency Strength Strategy

Another Example of Intraday Currency Strength

This is another example  of how to use intra day currency strength for strong trade entries. This example is from 7-5-2016. On this day the British Pound (GBP) was weak on all pairs, and the Japanese Yen (JPY) was strong on all pairs. This caused a strong sell off on the GBP/JPY. This pair sold off over 300 pips in one trading session, also, the major trend on this pair is down on the larger time frames, so more pips are possible despite this strong trade entry.

Currency Strength Strategy GBP Weakness

Currency Strength Strategy GBP Weakness

Currency Strength Strategy GBP/JPY Selloff

Currency Strength Strategy GBP/JPY Selloff

Strong signals like this happen routinely on the forexmarket if you incorporate these tools into your trading. We track 8 currencies at Forexearlywarning, but since so many traders use technical indicators on 1 or 2 pairs, they always miss the movements on pairs like the GBP/JPY pips. Using easy to interpret visual tools like The Forex Heatmap®, which monitor the strength of the currencies and money flows in real time, you can trade like a pro. Incorprating the heatmap into your currency strength strategy for trading is a must.

Using Currency Strength for Overall Market Analysis

Currency traders who like our real time currency strength tools can also have a big advantage if they use a currency strength strategy for total market analysis every day. Always knowing the overall condition of the market, based on trends will raise the bar even higher and complete your overall currency strength trading system. Analyzing the market to determine the strongest versus weakest currency takes time but it well worth it, and your reward will be increased pips.

You can set up some simple exponential moving averages for all of the JPY pairs, USD pairs, NZD pairs, etc. to start. Then drill down the charts daily using multiple time frame analysis,  by individual currency. For example if all of the JPY pairs are in up trends, then you know the JPY is weak. Then, if you analyze the AUD pairs and the AUD looks strong, you know to check the AUD/JPY for a potential strong movement. You can then monitor this pair with price alerts. Use similar procedures for the 8 currencies and 28 pairs in our trading system.

On the Forexearlywarning website, we show you how to set up the trend indicators, and how to analyze the market by individual currency. This way you will not only be trading in the direction of the daily market momentum, but also with the trend. In this article we have presented two valid currency strength strategy methods. We urge all forex traders to use these two strategies every day and their trades and pip totals will improve dramatically, wile incorporating more pairs into their trading program.

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Currency Trading Signals CAD Strength 1-21-2016

Today in currency trading the CAD (Canadian Dollar) was strong, and this drove substantial movement in this group of pairs. The live trading signals from The Forex Heatmap® are shown below. The CAD/CHF and CAD/JPY moved much higher, these pairs have trend support from the H4 time frame, but the larger trends are still pointing down, so we would scale out lots and manage profit on any buy trades. These two pairs should continue higher at least one more day. The EUR/CAD also sold off, this pair also has H4 trend support, but the overall longer term trend is up, so once again scale out lots as it continues lower. The trading signals from The Forex Heatmap® are shown below, this signal system provides live signals for 28 currency pairs. It is a powerful live trade entry management tool based on parallel and inverse analysis and individual currency strength.

Currency Trading Signals CAD Strength 1-21-2016

Currency Trading Signals CAD Strength 1-21-2016

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Currency Strength Trading GBP/USD 1-12-2016

Today in currency trading the GBP/USD sold off. The GBP (British Pound) was weak on all pairs after the manufacturing production output news in the main forex trading session. The USD also had some strength, so the GBP/USD sold off. This pair is in a strong down trend, however we are not able to tell exactly where the next major support level is on this pair so we would scale out some lots on any sell trades, and move your stop to break even on the remaining lots. The trend is strong enough for this pair to continue much lower. The currency strength indicator you see below is The Forex Heatmap®, which provides live trading signals for 28 currency pairs. It works well after economic news drivers to show you what pair to trade, we use this indicator to assist with trade entries on 8 different currency groups including the GBP pairs.

Currency Strength Trading GBP/USD 1-12-2016

Currency Strength Trading GBP/USD 1-12-2016

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AUD Currency Strength 12-29-2015

Today in currency trading the AUD (Australian Dollar) strength was evident on all pairs in the group, driving price movement. The GBP/AUD and EUR/AUD sold off. The GBP/AUD is trending down on the larger time frames and should continue lower. The EUR/AUD is starting to trend down on the D1 time frame, and has additional potential on this time frame. We will look to set more trading plans for selling these two pairs going forward.  The currency strength signals you see below for today’s trading are from The Forex Heatmap®, which provides currency strength signals for 8 groups of currency pairs, including the AUD pairs and a total of 28 currency pairs.

AUD Currency Strength 12-29-2015

AUD Currency Strength 12-29-2015

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