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.

EUR/JPY Trend Analysis

Here is a trend analysis of the EUR/JPY on the larger time frames. The EUR/JPY chart below shows that this pair is trending down on the MN time frame. Current support level is at 126.00, the yellow line. Traders should set an audible price alert at this price for a sell. Below here you can check The Forex Heatmap® for EUR weakness or JPY strength or both to verify the sell. Below 126.00 this pair has substantial potential down to 100.00 to 109.00 support cluster. This is a very good chart setup for a long term trade.

Most or all of the JPY pairs are also in long term down trends right now, indicating across the board Japanese Yen JPY strength. This analysis of the EUR/JPY was done with multiple time frame analysis by individual currency, attached to a set of meta trader charts. These are 5/12 exponential moving averages.

EUR/JPY Trend Analysis

EUR/JPY Trend Analysis

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AUD/NZD Trend Analysis

This is our current AUD/NZD trend analysis. This pair looks like it is oscilating and ranging on the on the D1 time frame. Traders can set an audible price alert at 1.0675. When the price alert hits check The Forex Heatmap® to confirm any buy entries. On any buy entries you would be looking for consistent AUD strength or NZD weakness on the heatmap. This pair has great upside potential to the 1.1000 resistance area, over 200 pips of potential in the full D1 cycle.

This trend analysis if the AUD/NZD was performed with multiple time frame analysis by individual currency, which is our market analytical method for all 28 pairs we follow. When pairs are not trending some times they are oscillating, or ranging. This ranging currency pair is building an increasing bottom or higher support level than the previous lows, which is bullish. If traders want to learn more about forex chart patterns , we have resources and illustrated forex articles on our website.

AUD/NZD Trend Analysis

AUD/NZD Trend Analysis

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AUD Currency Strength, How Forex Traders Benefit

Forex traders can benefit from Australian Dollar AUD currency strength and make more pips. This was evident today on all pairs in the group, driving price movement. The GBP/AUD and EUR/AUD sold off, and the AUD/CHF rose strongly. 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. So traders can continue to hold these pairs as they continue in their trends.

We will look to prepare another trading plan for selling these two pairs going forward.  The currency strength signals you see below for today’s trading are from The Forex Heatmap® forex heatmap, which provides currency strength signals for 8 groups of currency pairs, including the AUD pairs and a total of 28 currency pairs. When you see consistent signals on the heatmap, a large number of pips is possible for traders in just one day of trading.

AUD Currency Strength

AUD Currency Strength

AUD Currency Strength Chart

AUD Currency Strength Chart

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GBP/JPY Trading Signals

GBP/JPY trading signals can make forex traders lots of pips on this volatile pair. Look at the example GBP/JPY trading signals below on the live indicator called The Forex Heatmap®. On this day in forex trading, the British Pound GBP was strong and and drove a lot of price movement for traders. The Japanese Yen JPY was also weak. This combination drove substantial price movement on the GBP/JPY in one trading session.

A clear and obvious buy signal on the GBP/JPY appeared on The Forex Heatmap® forex heatmap, and this pair moved up 300 pips in one trading session. This is what traders need and are looking for, strong movements and volatility. The GBP/JPY is inside some resistance levels on the higher time frames, but with signals this strong the pair moved right through the levels and broke out on the D1 time frame. Traders can scale out lots on any buy positions and start riding the D1 uptrend.

The live trading signal system you see below is The Forex Heatmap®, our live entry management system for 28 pairs, including all 14 GBP and JPY pairs shown below in the images. The second image is our free trend indicators, a system of exponential moving averages that we analyze daily across individual currencies with our forex market analysis spreadsheet.

GBP/JPY Trading Signals

GBP/JPY Trading Signals

GBP/JPY Trading Signals

GBP/JPY Trading Signals – Price Movement

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Trading Canadian Dollar CAD Weakness

This is a great system for trading Canadian Dollar CAD weakness. On this day in the forex market the Canadian Dollar CAD was weak across the board, driving movement and trading opportunities on all pairs in the group.

The GBP/CAD rose and this pair is in a strong uptrend, it should continue much higher. The CAD/JPY also dropped, this pair has almost broken the 87.80 support area to the downside, with plenty of pip potential below there. This is about 100 pips of movement on the CAD/JPY, and a substantial amount of pips trading all 7 pairs. This is what traders want and need, a proven forex trading system that produces pips.

Since these pairs are trending based on CAD weakness, additional upside potential is available. We will look to continue to plan more trades on these pairs in the direction of their trends. The live trading signals you see below are from The Forex Heatmap®, which provides live signals for 28 pairs, including the Canadian Dollar pairs and 7 other currencies.

Trading Canadian Dollar CAD Weakness

Trading Canadian Dollar CAD Weakness

Trading Canadian Dollar CAD Weakness

Trading Canadian Dollar CAD Weakness

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USD/CHF Trend Analysis

See the chart below for the USD/CHF trend analysis on the D1 time frame. The USD/CHF is close to starting a new uptrend in the D1 time frame.

Traders can set an audbile price alert at 0.9950, as indicated by the red line. Above that price check The Forex Heatmap® to verify any buy trade entries with consistent USD currency strength, CHF weakness, or both. The overall trend on this pair is up on the larger time frames, and we expect it to go back up to at least the 1.0300 area resistance area indicated by the top red line on the chart. So this is 350 pips of overall potential, which is excellent risk to reward ratio.

This chart is a set of two exponential moving averages, and they can be applied to the USD/CHF and all 28 pairs we follow with the Forexearlywarning trading system. Then you can conduct a trend analysis across all 9 meta trader time frames with multiple time frame analysis.

USD/CHF Trend Analysis

USD/CHF Trend Analysis

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Forex Signals Reviews, Top Signal Providers

In this article we will provide forex signals reviews of various signal providers. The goal is to find the top signals providers. We will examine the signals providers websites and try to determine the basis for the signals they provide along with pricing, number of pairs, and documentation. We will define what is a forex signal, and we will describe what types of forex signals providers are available to traders via web searches.

We conducted a review of forex signals providers websites with web searches, and discovered various free signals and paid signals along with a wide price range. We will also provide examples of some of the top signal providers and profitable real time signals that we found.

What Is A Forex Signals Provider

According to Wikipedia, a forex signal is a suggestion for entering a trade on a currency pair, usually at a specific price and time. The signal is generated either by a human analyst or an automated forex system or algorithm. Most signals are real time or live forex signals due to the timely nature of entering trades. We believe that this is a reasonably good definition of a forex trading signal. However, the quality or accuracy of the signals are not considered in the Wikipedia definition.

A signal should be an indication to trade from some type of human, automated or computer based system monitoring the market conditions. Human based systems are subject to human error, and nearly every one of these systems across the board is terribly flawed and unreliable. This is because the basis of most human based signals is technical analysis indicators, paired with scalping techniques. 

Signals Versus Alerts

A forex signal is not an alert, these are two different things. An forex trade alert is simply a notification, like an SMS alert, email alert, economic news driver alert, website alert, audible alert, or visual alert, in real time if possible, due to the timely nature of signals. Alerts delivered to a mobile devices are widely touted by forex signals providers websites, but the signals themselves are of such poor quality that having a speedy method of delivery to a mobile device adds no value.

Where Can I Get Forex Signals

We would start by conducting web searches for “forex signals”, “forex signal providers”, etc. Then start evaluating the websites that appear on the first few pages of search results. Just remember that just because a website is near the top of search does not mean they are a top signal provider or they provide accurate signals or pips. Plan on sorting through lots of trash and terrible websites in searching for 1 or maybe 2 good signals providers. Based on our findings you may want to look way beyond the top three pages of search results hoping to get more and better choices of signals providers, because the top 3 pages of search results have such poor choices.

Are Forex Signals Reliable

If you find some forex signals you think you might like like, free or paid, you must demo trade the signals and review the outcome to make sure they produce pips into your demo account. The signals must also suit your personal taste, daily schedule, and produce pips and profits. Setting up a forex demo account and testing any forex signals provider is pretty easy. We believe it is imperative to demo trade and test the signals because so many of the signal providers we reviewed were very low quality, or had little or no documentation on their website.

If you make profits in your demo account with a signals system or provider, then you can move to live micro lot trading, then mini lots. Do not take unnecessary chances, always test the signal system before trading live funds. Then you will know if the signals are reliable and meet your needs to build a profitable account. Forex signals reviews can not be complete without demo trading each system provider.

Forex Signals Providers Available To Forex Traders

Based on google search results for “forex signals”, here is what we found: In the top 3 pages of search results, and top 30 search positions, there were only 4 were websites that actually provided signals. The rest of the search results were a combination of brokers ads saying “open an account here”, chat rooms for beginner traders, forex mentors, copy trading, mobile apps, articles about forex signals, computer generated content pages on free website builders, etc. So about 90% of the search content was of no value and provided no signals at all.

On the 4 websites that actually had signals: The prices ranged from $40 to $500 per month. The number of pairs they provided signals for was unclear, how signals were generated was not explained, and there were no examples of what signals look like. These websites were heavy on marketing, but with little content and no documentation of any kind as how signals were generated. Recommendation: On any paid signal services email them first ask a lot of questions before paying. Ask them how the signals are signals generated. 

Some signals websites said that they provide entry price, stop loss, and take profit, but the take profit numbers were always very close, like 10-15 pips away, with multiple signals provided during the week on mainly 2 pairs, EUR/USD and GBP/USD. But that is all of the information that they provided. They are “black box” signals.

So when conducting forex signals reviews of what is available on the web, traders will be disappointed and should be a little scared by the poor quality and lack of choices on free or paid forex signals websites.

Outside of the search results, there are also thousands of Facebook pages, Facebook ads and Telegram ads that pretty much look like scams asking for money up front. Recommendation: completely avoid these.

Which Is The Best Forex Signal Provider

Forexearlywarning might be the best or one of the top forex signal providers. Forexearlywarning has a combination system of live forex signals and alerts, combined with written trading plans. Our signals and alerts are are likely the best in the forex industry and all of the problems we found with other signals and signal services websites we reviewed have been eliminated. We provide trend signals and live trade entry signals, which are both visual signals. Here is an example signal:

Forex Signals Reviews

Forex Signals Reviews

 

Top Forex Signals Provider

Top Forex Signals Provider

This is our live signals system, the Forex Heatmap® forex heatmap. This signal system provides easy to interpret, unambiguous real time signals that anyone can understand. The above live signal is for a buy on the CAD/JPY pair. This pair moved up 70 pips on this live buy signal. Other CAD pairs could have also be traded for more pips in just one trading session. This is what forex traders are looking for. Better signal systems and stronger movements.

Here are many more trade entry examples using this trading system across 28 pairs. These signals are easy to understand for all traders, even beginners. Along with the live signals we provide trading plans for 28 pairs, real time price alerts, and other professional forex alert systems like our mobile app. You will always know when the market is moving across 28 pairs with the Forexearlywarning trading system.

Since the trend signals are based on the larger time frames, our “take profit” areas might be hundreds of pips away form the entry price, not 15-20 pips away like the other signals providers we reviewed, as we discourage scalping and frequent trading. We believe this is the only trend based signal system available on the web. We trade less frequently and are looking for substantially more pips per trade. We also trade 28 pairs which is many more pairs than any forex signals providers we have seen on the web. Traders who use this system can set up our simple forex trend indicators on any charting  platform, for market analysis.

We still strongly encourage demo trading our signal system, then graduating to micro lots, then mini lots.  Our signals system is fully documented and the documentation is thorough and free on our website in the form of written and illustrated forex lessons. The Forexearlywarning website has no broker or IB sponsorship, and our website has no advertisements, nor do you have to open a brokerage account through us.

If you are conducting forex signals reviews you can start with the ttrading plans and live signals provided by Forexearlywarning. Then you can make comparisons of Forexearlywarning versus other forex signals providers based on website quality, clear signals, pricing and pip production. Forexearlywarning is a proven forex trading system.

Watch our forex signals review video guide of this article here on Youtube.

Conclusions About Forex Signals Reviews and trying to find the top signal Providers: Trying to locate high quality, profitable forex signals providers is difficult via web searches, but not impossible. We conducted a forex signals providers review and searches on the web and found that most of the information about signals is not really about trading signals at all. If you find a signal system you like, email the signals provider and ask a lot of questions. Pricing is up to $500 per month. Get examples of the signals to make sure you do not waste time, or even worse lose money with live trades. Always test the signal providers with a forex demo trading account.

Forexearlywarning invites you to try our trend based trading plans, and signal system, we believe we are the one of the top signals providers, and our prices are also the lowest in the business. We invite traders to compare our trading system to other trading systems and signals providers you find on the web.

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AUD/CAD Trend Chart Analysis

The two images below below illustrate the current AUD/CAD trend chart analysis the D1 and H4 time frames. The AUD/CAD is at an important support level now. The AUD (Australian Dollar) is very weak now and the current support will likely be broken. Traders can set a price alert at 0.8780 on this pair, when the alert hits check The Forex Heatmap® forex heatmap for a confirmation sell signal and confirmation of the support breakout.

This trend chart is exponential moving averages we supply to our clients and any other traders at no cost. We show traders how to set up these trend indicators up across multiple time frames for trend analysis of all 28 currency pairs we follow. We use multiple time frame analysis for the market analysis, combined with our forex market analysis spreadsheet.

AUD/CAD Trend Chart Analysis

AUD/CAD Trend Chart Analysis

AUD/CAD Trend Chart Analysis

AUD/CAD Trend Chart Analysis

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GBP Pairs Trading Alert

On this day in the forex market our trading system had a trading alert for the GBP pairs. The GBP was strong on all pairs in the main forex trading session. Traders using our trading system caught large movements in multiple GBP pairs. The GBP pairs had a buy alert on the Forex Heatmap® forex heatmap. The GBP (British Pound)  was strong across the board against all major currencies.

GBP Pairs Trading Alert

GBP Pairs Trading Alert

The GBP/USD moved up very strong today, about 140 pips. Total movement for all 7 GBP pairs was over 700 pips. The GBP/USD is ranging on the H4 time frame and is nearing resistance at the 1.3300 price level. We also have a chart setup where you can see all 7 GBP pairs on one screen on any time frame to capture more pips and check the larger trends faster.

These simple visual trading alerts for the GBP pairs, along with 7 other currencies, is exactly what forex traders need. Better signal systems with push alerts sent to your cell phone when the market is moving. Today’s visual trading alerts from The Forex Heatmap® work very well for trading all GBP pairs, along with 7 forex major pairs and 28 pairs total.

GBP Pairs Trading Chart

GBP Pairs Trading Chart

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Forex Trend Charts EUR/GBP

Here are some forex trend charts for the EUR/GBP on various time frames. We will use them to prepare a forecast forecast for the EUR/GBP currency pair movements over the next few days. The EUR/GBP dropped in todays trading. The drop was due to the GBP strength you see on our live indicator. The Forex Heatmap forex heatmap. The EUR/GBP dropped today and is headed for a bigger support level on the H4 time frame. at 0.8550. Our forecast is that the EUR/GBP will drop to this support level, then traders should exit any sell positions. In 1 to 2 days this pair will reverse back up into its normal range seen on the H4 time frame chart below.

Forex Trend Charts EUR/GBP

Forex Trend Charts EUR/GBP

Forex Trend Charts EUR/GBP Intraday Movement

Forex Trend Charts EUR/GBP Intraday Movement

EUR/GBP Forecast H4 Time Frame

EUR/GBP Forecast H4 Time Frame

The red and green lines you see on the charts you see are some easy to set up forex trend indicators Traders can set the trend indicators up by individual currency. In this case you can set up all of the GBP pairs together, so you can see how the EUR/GBP is moving for your trade entries. Traders can perform their overall market analysis using multiple time frames across each individual currency for enhanced accuracy.

Use these handy links to learn how to analyze support and resistance levels on the smaller and larger time frames, and for more options for setting up your trending indicators metatrader setup options for market analysis. If you have the right analysis tools set up by individual currency you can successfully trade the EUR/GBP, other GBP pairs, or make forecasts.

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