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- AUD/USD Sell Signal
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CAD/CHF Trend Analysis
The CAD/CHF trend analysis is presented here. This pair is trying to form a new down trend on the D1 time frame. Traders can set an audible price alert at 0.7365 for a potential sell on this pair (see the yellow line on the chart).
When the alert hits check The Forex Heatmap® for a trade entry verification signal with consistent CAD weakness or CHF strength or both. Since the trend is forming and new on a larger time frame, the overall pip potential is strong as there is no nearby support levels below the alert price. These simple trend indicators for market analysis 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.
AUD/USD Trend Analysis
This is an example trend analysis AUD/USD on the W1 time frame. The W1 time frame trend chart is now formed and this pair is trending up. Current price is about 0.7485. Traders can set an audible price alert just above this price to monitor for price movement. When the price alert hits, look for a buy signal on The Forex Heatmap® forex heatmap. Look for consistent AUD strength or USD weakness, or both, starting in the main trading session tomorrow.
Past the 0.7525 price level we see potential up to the 0.7800 resistance area, see the chart below for this location. This is nearly 300 pips of potential so the money management ratio is very good. The trend indicators you see are exponential moving averages we provide free to all forex traders. Analyzing 28 pairs with these trend indicators every day provide you with a list of pairs that are currently trending, along with price alert or breakout levels. Verifications for trade entries are provided by The Forex Heatmap® for our profitable trading system.
NZD/USD Trading Signal
Today in forex trading the NZD/USD had a strong trading signal. The USD (US Dollar) was weak on all pairs, see the live trading signals below from The Forex Heatmap® forex heatmap. Ther was also some small amounts of EUR and NZD strength in the market today, and that 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.
The GBP/USD downtrend is shown below on the larger time frames, like the MN time frame shown below. Traders can set an audible price alert at 1.3880 on this pair, as annotated on the chart.
When the price alert hits check for a verification sell signal using The Forex Heatmap® 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 much lower. The red and green trend indicators are 5/12 exponential moving averages. For forex market analysis we use multiple time frame analysis of trends, by individual currency groups. We emphasize the larger trends. This is the most thorough analysis technique for forex traders on any pair.
GBP/AUD Live Trading Signal
Today in forex trading the GBP/AUD sold off, and the GBP/AUD live trading signal is below. The AUD (Australian Dollar) was strong and the GBP (British Pound) was mostly weak. Due to this, 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 further 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 forex trading 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/CAD Trend Analysis
The GBP/CAD trend analysis is shown below. This pair is trending down on the W1 time frame. It has a current support level and price alert point at 1.9515. Traders can set an audible price alert there.
After the price alert hits look for a verification sell signal on The Forex Heatmap®. We see no nearby support below there and substantial pip potential down to the 1.8550 area, or possibly lower. Both the alert price and next major support area are noted on the trend analysis chart below. This analysis demonstrates how we prepare our daily forex trading plans for 28 currency pairs. We trade with the major trends of the forex market.
GBP/JPY Sell Signal
Today in the forex market there was a GBP/JPY sell signal on The Forex Heatmap®. The Japanese Yen (JPY) was strong on all pairs in the group and all of the JPY pairs dropped. There was also some GBP weakness in the market, so this pushed the GBP/JPY strongly lower.
The long term trend on the GBP/JPY pair is down, but is still has some near term support levels down to the 160.25 support area before fully breaking out. For this reason traders should scale out some lots on any profitable trade entries, while setting stops to break even.
The signal system and visual alert system you see below is The Forex Heatmap® forex heatmap, which provides live visual trading alerts for 28 pairs and 8 different currencies. The heatmap has various professional alert systems including a mobile app, that notifies traders when the signals are consistent for trading. The heatmap is part of our trend based trading system
Currency Strength Strategy For 8 Currencies, Two Methods
In this article we will present a currency strength strategy for currency trade entries and another strategy for overall market analysis. Both strategies are effective at helping currency traders to understand what currencies and pairs are strong or weak and are moving with good momentum. These two strategies will also improve any trader’s understanding of the current market condition. These two strategies work very well for the 8 most liquid currencies and 28 pairs total.
Currency Strength Strategy For Current Market Momentum
If you are a currency day trader or you just want better entry points into the trends of the market, knowing where the curent momentum in the market is right now is a must. Measuring the current market momentum in real time is one currency strength strategy that can be applied to all trade entries.
In the example below the Swiss Franc CHF is strong on all pairs in real time. This drove significant movement for traders on this day in the main trading session. These are seven of the CHF pairs we follow with the Forexearlywarning trading system. There was also some minor US Dollar USD weakness in the market. So the USD/CHF moved strong to the downside, and it makes perfect sense. So you have a strong entry point and additional potential for more pips riding the D1 time frame down trend on this pair.
Also, the GBP/CHF dropped on the CHF strength and is currently at one support level, so in this case a trader may choose to scale out lots and reduce position size. 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 trader or trend trader on only one group of pairs, with strong intraday movements. The real time currency strength indicator in this strategy is The Forex Heatmap®, which is our accurate currency strength meter that provides live buy and sell signals for 28 pairs, including the US Dollar USD pairs and seven other currencies. The heatmap is showing that the USD/CHF moved 1.12% on this day, which is around 105 pips of movement on just one pair in one trading session.
Another Example of Intraday Currency Strength
This is another example of how to use intra day currency strength for strong trade entries. Look at the example below. On this day the British Pound GBP was slightly weak, but the Japanese Yen JPY strenght dominated this currency. This caused a strong sell off on the GBP/JPY. This pair sold off over 150 pips in one both tradingsessions combines over a 15 hour period.
Also, the major trend on this pair is down on the larger time frames, so more pips are possible as this pair continues lower on the major trend. Trading with the trend and using strong entry points is the best way for forex traders to profit from market movements.
Strong signals like this happen routinely on the forex market 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, even though this is a great pair for trading. 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
Another great currency strength strategy for 8 currencies is to analyze individual currencies as they appear with market trends. 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 time frames to determine the strongest versus weakest currency takes time but it well worth it, and your reward will be to capture more 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 or trade entry. 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. We have a great tool for market analysis, it is our forex market analysis spreadsheet. After you fill ou the spreadsheet you will know where all of the market momentum is, based on the trends of the market and individual currency analysis. 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 positive trades and pip totals will improve dramatically, while incorporating up to 28 pairs into their trading program.
EUR/CHF Trend Analysis
This is a trend analysis of the EUR/CHF pair using our exponential moving averages. The larger time frames like the W1 time frame shown below illustrate that this pair is trending higher. This pair has broken most near term resistance and now has significant upside potential.
Traders should set an audible price alert at at 1.1070 for a resistance breakout. When the alert hits check the Forex Heatmap® forex heatmap for a confirmation buy signal. These moving averages are easy to set up and we use them on all 28 pairs we follow. We use multiple time frame analysis for trend analysis and incorporate support and resistance levels into our analysis for price targets. Doing this and combined with good money management are the keys to profitable forex trading.
Currency Trading Signals CAD Strength
Forex traders should review these high quality real time currency trading signals indicating CAD strength. These currency trading signals indicate that the Canadian Dollar CAD was strong and consistent.
The CAD strength drove substantial movement on several CAD pairs for traders. The live trading signals from The Forex Heatmap® are shown below. The CAD/CHF moved much higher, and this pair still has more upside with 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 CAD/CHF 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 forex analysis with parallel and inverse pairs and individual currency strength.