Forex Blog

Forex Trades CHF Weakness

Today in the main forex trading session the CHF was weak on all pairs. The CAD and USD has a small amount of strength, so the USD/CHF and CAD/CHF had the strongest movements. The USD CHF is trending up on the D1 time frame, this pair has ongoing pip potential in the current uptrend cycle. Other CHF pairs like the CAD/CHF had nice movement today based on the CHF weakness in the market but this pair are inside of ranges and were short term buy trades or day trades.

The images below show the live CHF weakness trading signals from The Forex Heatmap® forex heatmap along with the associated price chart movement in the direction of the trends. Strong movements can occur with consistent signals in the main forex session and this is the best time to trade the forex.

CHF Weakness

CHF Weakness

CHF Weakness Chart USD/CHF

CHF Weakness Chart USD/CHF

EUR/AUD Trend Analysis

The EUR/AUD trend analysis is below. This pair is forming a new uptrend on the D1 time frame. Traders can set an audible  buy alert 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® 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 chart pattern on this pair looks like a double bottom, which is a reversal pattern off of support, click on the link to learn more about this forex reversal pattern along with other forex trading patterns.

EUR/AUD Trend Analysis

EUR/AUD Trend Analysis

Live Forex Signals GBP and JPY Pairs

Today in forex trading the GBP (British Pound) was weak on across most pairs in the group and this drove strong price movement. The live trading signals for the GBP and JPY (Japanese Yen) pairs are shown below from The Forex Heatmap®. The GBP/JPY had strong sell off and broke through short term support levels and into their long term trends. The NZD/JPY also sold off on the overall JPY strength in the market today. The GBP/JPY is in strong downtrends on the larger time frames like the W1.  This pair is at post-Brexit lows, and the GBP/USD is at a multi year low. We see a lot more sell potential ahead on these pairs.

The Forex Heatmap® forex heatmap provides live buy and sell signals for 28 currency pairs. You can see the signals from the JPY and GBP pairs in the images below along with the nearly 125 pip sell off in the GBP/JPY. Forexearlywarning is a top notch forex trading signals provider that traders look to for increasing their pip totals across 8 different currencies.

Live Forex Signals GBP and JPY Pairs

Live Forex Signals GBP and JPY Pairs

Live Forex Signals GBP/JPY Chart

Live Forex Signals GBP/JPY Chart

NZD/CHF Trend Analysis

The NZD/CHF is trending higher on the W1 time frame. Traders can set a an audible buy alert at the 0.6985 resistance area, which is noted on the chart by the yellow line. This is the next resistance breakout point.

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 that the risk/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 develop trend based trading plans for 28 pairs..

NZD/CHF Trend Analysis

NZD/CHF Trend Analysis

Forex Trade Signals AUD/CAD Buy

Today in forex trading the CAD (Canadian Dollar) was weak, the NZD/CAD and AUD/CAD had buy signals and moved strongly higher. The NZD/CAD is trending on the W1 time frame, and this pair has additional upside potential. The AUD/CAD had a strong overnight movement and has broken one resistance level on the D1 time frame. Both of these pairs have ongoing upside potential and we will look to continue to write additional trading plans for buys over the next few days.

The AUD/CAD has hit a high of 0.9575 in intra day trading, and the NZD/CAD has hit 0.9090. The NZD/CAD has potential up to the 0.9400 area on the W1 time frame trend. The live forex signals you see below are from The Forex Heatmap® forex heatmap, which provides live buy and sell signals for 28 currency pairs. These signals are more accurate and succinct than any other free or paid signals available to traders for trading the forex market. The heatmap gives traders guided trade entry points for trending pairs and day trades.

Forex Trade Signals AUD/CAD

Forex Trade Signals AUD/CAD

Forex Trade Signals AUD/CAD Chart

Forex Trade Signals AUD/CAD Chart

NZD/USD Trading Plan

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 an audible price alert for a buy at the near term resistance, just past 0.7130. See the W1 time frame chart below. When the price alert hits check The Forex Heatmap® forex heatmap for a confirmation buy signal.

The W1 time frame uptrend shown below indicates that the 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 upside potential, so the money management ratio is excellent on this trading plan since we are using the higher time frames. So the forex money management strategies like risk reward ratio is always going to be favorable when using the higher time frames. We suspect we will be issuing several trading plans based on NZD strength for the other NZD pairs we follow tomorrow in our daily trading plans.

NZD/USD Trading Plan

NZD/USD Trading Plan

NZD/CAD Buy Signal

Today in forex trading the NZD/CAD had a strong buy signal and movement to the upside. The live buy signal from The Forex Heatmap® forex heatmap is shown below in the images, along with the strong intraday price movement. The NZD (New Zealand Dollar) was strong on all pairs today, driving a lot of movement in the pairs in this currency group. This pair is ranging on the H4/D1 time frame, and it should continue up to the 0.8900 resistance area.

Check the intraday movement cycles in the chart below. Today’s movements were strong but these pairs are not in strong trends, so we are setting the 0.8900 resistance price target. The signals you see below from the heatmap work very well for profitable trae entries across 28 pairs, including 7 major pairs, and also trading signals for 21 exotic currency pairs like the NZD/CAD.

NZD/CAD Buy Signal

NZD/CAD Buy Signal

NZD/CAD Buy Signal - Chart

NZD/CAD Buy Signal – Chart

GBP/USD Trend Analysis

The GBP/USD trend analysis is presented below. This is the chart of the GBP/USD on the W1 time frame. This trend is still new and at the beginning of the cycle and has plenty of upside potential. Traders should set an audible buy alert at 1.4725 on this pair. When the alert hits check The Forex Heatmap® forex heatmap for a confirmation buy signal.

SInce the W1 time frame uptrend is still at the early stages, 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, which is one of the best times to trade the forex market. These trade charts are easy to set up for all 28 pairs and the chart analysis techniques are available at Forexearlywarning.com for any trader.

GBP/USD Trend Analysis

GBP/USD Trend Analysis

GBP/JPY Buy Signal

Today in forex trading the GBP strength caused strong movements on many pairs. The GBP/JPY had a buy signal on The Forex Heatmap®, along with several other GBP pairs showing great quality trading signals. The British Pound to JPY exchange rate soared nearly 200 pips. The British Pound to USD exchange rate also soared today.

News from the GBP about the claimant count employment data along with average earnings triggered the strength in the GBP today, and all GBP pairs we follow had technical and price breakouts. Based on today’s news we expect the GBP to continue strengthening. The real time forex signals from The Forex Heatmap®  are shown below along with some of today’s GBP price chart movements. The GBP/JPY should continue higher to the 162.00 resistance area, and the GBP/AUD has significant upside on the larger time frames. The Forex Heatmap® provides live buy and sell signals for 28 currency pairs, it is an easy to read tool for guiding all of your forex trade entries.

GBP/JPY Buy Signal

GBP/JPY Buy Signal

GBP/JPY Buy Signal Chart

GBP/JPY Buy Signal Chart

USD/CAD Trading Plan

The USD/CAD trading plan for the current market condition is as follows. This pair is currently trendin down on the H4 time frame and the D1 time frame trend could follow. Traders can set an audible price alert at 1.2830 on this pair. Wen the price alert goes off look for a sell signal on this pair in the main session on The Forex Heatmap® forex heatmap. This pair has very good poential to drop down to the 1.2550 support area, which is noted by the yellow line. So this is 280 pips of potential, excellent risk/reward ratio

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 to drive the movement. We use this method to analyze 28 pairs for ou daily forex trading plans at Forexearlywarning.com.

USD/CAD Trading Plan

USD/CAD Trading Plan