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Tag Archives: AUD/USD
Today in forex trading the AUD/USD had a strong selloff. The sell signal from The Forex Heatmap® is shown below. This pair is approaching support at the 0.7515 area, we would scale out lots or exit any short term sells on this pair as the AUD/USD continues down to this price.
When the AUD/USD has strong selloff it is always because one currency is weak and the other currency is strong. Today the AUD was weak and the USD was strong. The same thing in reverse can happen when there is a strong up cycle. This is why The Forex Heatmap® is so valuable. It works for short term buy or sell trades like today, but it also works when entering strong up trends.
In the case of trading with the trend, traders can hold onto their position and ride the trend with the strong entries this tools helps to provide. It is part of our overall trend based trading system. Since the AUD/USD is not trending right now, just cycling between support and resistance, we recommend good money management and scaling out lots. Any forex trader can trade profitably using these principles and tools, parallel and inverse analysis and currency strength are vital to the success of your forex trading program.
The AUD/USD is trending up on the W1 time frame, which is shown below in the image. The current resistance and price alert point is 0.7820, noted by the yellow line on the right. Traders should set a price alert here. When the alert hits check The Forex Heatmap® for buy entry confirmation signal. The next resistance area is 0.8025, however if the MN uptrend forms the potential is much higher. The trend indicators you see are exponential moving averages, which we use to analyze 8 currencies and 28 currency pairs for our daily trend analysis and preparation of our trading plans.
This is the trend chart for the AUD/USD on the W1 time frame. The W1 trend is now formed and this pair is trending up. Current price is about 0.7485, look for a buy signal on The Forex Heatmap® up to or past the minor resistance at 0.7525, starting in the main trading session tomorrow.. You can also set a price alert at the 0.7525 price level. Past the 0.7525 price level we see potential up to the 0.7800. resistance area. The trend indicators you see are exponential moving averages we provide free to all forex traders. Analyzing 28 pairs with these simple indicators daily will 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 currency trading the AUD (Australian Dollar) strength drove strong price movement. The AUD/USD and AUD/CHF moved up strong after the Asian session interest rate news from Australia. These movements continued overnight and into the main session. These movements were strong but the longer term trends on these two pairs are still pointing down. So we scale out lots and take some profit. The currency strength indicator you see below is The Forex Heatmap®, which is a visual map of the forex market that provides live buy and sell signals for 8 major currency groups, including the AUD pairs.
The AUD/USD trend analysis shows that this pair is in a down trend on the larger time frames. The image below is the MN time frame and trend. This pair has a current support level at 0.7370, shown by the red line, you can set a price alert here. When the price alert hits you can check The Forex Heatmap® signals to verify any sells. Overall potential is excellent, down to as low as 0.6300, noted by the red lines. This is 0ver 900 pips of potential, so this is excellent risk/reward ratio for a trade.
Today in forex trading the AUD/USD had a sell signal. The overall market had consistent US Dollar (USD) strength on all pairs. The JPY (Japanese Yen), AUD (Australian Dollar) and NZD (New Zealand Dollar) were also somewhat weak, contributing to the price movement on these pairs. The AUD/USD dropped and the next nearby support level is around 0.7700. As this pair approaches this support level we would scale out lots on any sell positions. Due to today’s market conditions the NZD/USD also dropped and the USD/JPY rose. The live AUD/USD trade signal you see below is from The Forex Heatmap®, which provides trading signals for 28 pairs, including the major USD pairs.
Today in forex trading the Australian Dollar (AUD) strength was evident on all pairs. The USD (US Dollar) and JPY (Japanese Yen) also had some weakness. The AUD/USD and AUD/JPY both had strong upward movements, and both pairs broke resistance levels. The AUD/USD could continue higher to the 0.8200 resistance and the AUD/JPY could also continue higher to the 96.50 resistance area. The EUR/AUD also broke thorough important support and the strong downtrend on this pair should take over from here. The forex trading signals you see below are from The Forex Heatmap®, a visual map of the forex market.
The trend indicators shown below on the AUD/USD indicate the trend is down on the largest time frames. The time frame shown on this pair is the MN time frame. The current support on the AUD/USD is 0.7870, denoted by the yellow line, you can set a price alert here. When the alert hits you can check The Forex Heatmap® for a sell signal. This pair has plenty or room to drop below there, there is no nearby support levels past there. These trend indicators are exponential moving averages that can be set up on any Metatrader platform.
The AUD/USD is trending down on the larger time frames, like the MN time frame shown below. The current support level is at 0.8565, shown by the yellow line on the right. You can set a price alert at this level here on your trading platform. When the price alert hits check The Forex Heatmap® for AUD weakness or CAD strength, or both, to verify a sell trade. The next support level is at 0.8300, which is 265 pip below the alert price. There is an additional support level below there at 0.8100. The trend analysis you see below was done with exponential moving averages and using multiple time frame analysis.
Today in forex trading the AUD/JPY signaled a buy on The Forex Heatmap®. The Australian Dollar (AUD) strengthened across almost all pairs. The USD and JPY had some weakness as well. This pushed the AUD/USD and AUD/JPY higher. The AUD/USD should continue to the 0.8900 resistance on the smaller time frames. The AUD/JPY has upside potential to the 98.50 resistance on the D1 time frame. The trading signals from the heatmap can be used for eight currencies and 28 pairs for live buy and sell decisions. The heatmap logic is based on parallel and inverse analysis.