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- AUD/USD Sell Signal
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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.
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. The USD weakness also drove the EUR/USD higher today, but the strongest signals were for a buy on the NZD/USD. 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 due to levels of resistance nearby. On the NZD/USD traders should consider scaling out lots on any profitable trades.
The Forex Heatmap® provides live trading signals for the NZD and 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 utilizing the easy to read signals and arrows.
The GBP/USD is forming a new uptrend on the MN time frame. We will analyze this trend and also analyze the W1 time frame for clear breakout points and price targets.
Traders can set an audible price alert at 1.2845 on this pair, as annotated on the W1 time frame and the yellow line. The next major resistance past there isat 1.3640. When trading with the higher time frames you are looking for lots of pips, much more than forex traders usually try to capture.
When the price alert hits check for a verification buy signal using The Forex Heatmap® forex heatmap. The next resistance area we see is at 1.3640, but there is additional upaide past there. so this pair could move much higher. 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. Multiple time frame analysis is the most thorough analysis technique for forex traders on any currency pair.
Today in forex trading the GBP/AUD moved higher, and the GBP/AUD live trading signal is below. The British Pound (GBP) was strong on all pairs on our live signal system, The Forex Heatmap®. Due to this, the GBP/AUD moved much higher in the main trading session today. See the live trade signals pictured below.
The GBP/AUD is trending up on the W1 time frame and it should continue to the 1.9350 resistance area. So any buy trades today will have additional pip potential beyond today’s movement. Other pairs like the GBP/USD also moved 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 GBP pairs, but the heatmap also gives live signals for seven other currency groups in an easy to read format.
We send you desktop and mobile push alerts when the forex market is moving across 8 currencies.
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.
Today in the forex market there was a GBP/JPY alert and live 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, and so we expect more movement down to the 152.00 support area. Todays movement on this pair was strong at over 250 pips. More pips were possible selling the other GBP or JPY pairs today. As the GBP/JPY coninue lower in its downtrend traders should start to scale out lots or exit as the pair approaches this support level in the next two days.
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 trading system.
In this article we will present a currency strength strategy for currency trade entries, chart setup, and another strategy for overall market analysis. All three strategies are effective at helping currency traders to understand what currencies and pairs are strong or weak and are moving with good momentum. These strategies will also improve any trader’s understanding of the current market condition. The 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.
Currency Strength Chart Setup
Traders can supercharge their trading with the proper chart setup. We have a powerful chart setup for currency traders that matches our individual currency strength approach. Look at how the chart setup on the USD pairs matches the live heatmap indicator. This is a powerful way to see the pips every day.
CLICK ON IMAGE TO SEE FULL SCREEN
Your trade entries will improve dramatically with a chart setup like this and you can learn how to set this up using the metatrader profiles. This chart setup works for 8 currencies and 28 pairs to see the currency strength very clearly.
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 out the spreadsheet you will know where all of the market momentum is, based on the trends of the market and individual currency analysis on the higher time frames. This way you will not only be trading in the direction of the daily market momentum, but also with the trend.
In this example all of the trends on the H4, D1 or W1 time frame are pointed in the direction of USD weakness. The forex market analysis spreadsheet can be filled out daily for 8 currencies and 28 pairs. It can be helpful for planning trades in the direction of the major trends.
In this article we have presented three valid currency strength strategy methods. We urge all forex traders to use these strategies every day and their positive trades and pip totals will improve dramatically, while incorporating up to 28 pairs into their trading program.
Today in forex trading the CAD (Canadian Dollar) was strong, dviving lots of price movement for traders. These currency trading signals indicate that the 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/JPY 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 up to the next major resistance on the H4 time frame. These CAD/CHF should continue higher at least one more day.
The USD/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 and manage the trade 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.
This is our trend analysis of the EUR/GBP. This currency pair is trending higher on the larger time frames, like the W1 time frame shown below. The current resistance point is at 0.7570. Traders should set an audible price alert here. When the alert hits check The Forex Heatmap® to verify any buy trades. The current upside potential looks to be the 0.7900 resistance area, which is 230 pips of potential. Using the higher time frames breakouts will always give you trades with much higher pip potential and money management ratio.
The EUR/GBP trend analysis was done using multiple time frame analysis of trends by individual currency, which is the most thorough method of currency pair analysis available to forex traders. The indicators we use are 5/12 exponential moving averages.
See the GBP/USD currency strength trading signals below. These are live trading signals. The British Pound GBP was weak on all pairs so the GBP/USD sold off. This occured 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 meter 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 and 28 pairs including the including the British Pound GBP pairs. As you can see other GBP pairs made strong moves today.