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Tag Archives: EUR
This chart shows the D1 time frame uptrend that has formed on the EUR/GBP. Traders can set a price alert at at 0.7110. When the alert hits check The Forex Heatmap® to confirm any buy trades. Upside pip potential is up to the 0.7400 area which is noted by the red lines. These trend charts are exponential moving averages set up on a metatrader platform, any forex trader can set up these trend indicators for all 28 pairs we follow in just a few minutes. We also have some short videos that show you various metatrader setup options for building these trend indicators, like our basic setup, shown below, and other trend chart setups using metatrader profiles.
Today in forex trading the EUR (Euro) signaled some buys on The Forex Heatmap®. THe Euro strengthened across all pairs. Pairs like the EUR/CAD and EUR/USD moved strong to the upside. These pairs are inside of ranges on the smaller time frames and trends, so we would close out some lots or exit both trades completely. The movements were strong but there was no support from the larger trends and time frames. The trade signals you see below are from The Forex Heatmap®, which provides live trade signals for 28 forex pairs. This real time tool guides your short term trades entries or trade entries into the larger trends.
The EUR/JPY is trending higher on the larger time frames. See the image of the W1 time frame below. The current resistance breakout point is 140.25, shown on the chart below. You can set a price alert there. When the alert hits check The Forex Heatmap® to verify the buy entry. The overall upside potential is to as high as the 148.00 area, see the red lines on the chart. This is about 775 pips of overall potential, so the money management ratio is excellent on this trade. This trend analysis was done with some exponential moving averages we provide to all forex traders.
Today in forex trading the EUR/USD had a buy signal on The Forex Heatmap®, andthis pair moved much higher. The EUR (Euro) was strong on all pairs and these pairs moved to the upside. The USD (US Dollar) also had some weakness. This pair could form a new D1 trend and continue back up to the 1.1450 area resistance, so we would hold some profitable lots. Other EUR pairs broke out to the upside and we will be preparing more trading plans to buy these pairs going forward. The trading signals you see below are from The Forex Heatmap®, a real time visual map of the forex market.
Today in currency trading the EUR/AUD moved up very strong on the trading signal you see below. The EUR (EUR) was strong on all pairs and the AUD (Australian Dollar) was also weak. This pair is trending higher on the D1 time frame. Since the overall trend on the EUR/AUD is down on the largest time frames we would scale out some lots and take some profit, however this pair could continue higher for another day or two. The trading signals you see below are from The Forex Heatmap®, our live signal system for 28 currency pairs.
This is a chart analysis of the EUR/AUD trend on the W1 time frame. The trend is currently down. The current support level is around 1.3845, traders can set a sell alert here, when the alert hits look for a sell signal on The Forex Heatmap®. There is also one level nearby at 1.3800, but below there it has substantial pip potential, possibly down to 1.2500. The simple trend charts you see below are exponential moving averages, set on 5 and 12 time periods, they can be set up on any forex chart system.
Today in currency trading the EUR (Euro) weakness was evident on all pairs. All of the EUR pairs dropped. There was also some NZD (New Zealand Dollar) and CAD (Canadian Dollar) strength in the market as well. This caused the EUR/CAD and EUR/NZD pairs to drop strong to the downside. The EUR/NZD should continue lower in the current strong downtrend, there is no historical support below the current price. The EUR/CAD has broken one support level and could continue much lower on the higher time frames. The live currency strength indicator you see below is The Forex Heatmap®, which provides live buy and sell signals for 28 pairs, including seven EUR pairs.
Today in forex trading the major pairs (USD pairs) like the EUR/USD had strong movements. The USD was strong on most pairs and the EUR (Euro) was weak on all pairs. The EUR/USD pair had a sell signal on The Forex Heatmap®. This signal is shown below. This pair dropped to the downside along with several other EUR pairs. The EUR/USD is trending down on the higher time frames. We only see one more support level around 1.1150, then below there is has considerably more downside. We will look to continue to sell this pair in our trading plans going forward. Our trend based trading plans and live signals work on seven major pairs and 21 exotic pairs.
The EUR/CHF is trending higher on the D1 time frame as shown on the chart below. Above the current resistance of 1.0750 we see no nearby resistance, and excellent upside potential. Nearly all of the CHF (Swiss Franc)pairs indicate CHF weakness and are now trending on this basis. These forex trend charts are exponential moving averages provided free to all of our clients. You can go to our home page and check the link to the trend indicators to follow the trends on 28 pairs. We use multiple time frame analysis for all of our forex market assessments, segregated by individual currency.
Today in forex trading the EUR strength cased movement on many pairs. The Euro (EUR) was strong on all pairs, there was also some AUD (Australian Dollar) and CHF (Swiss Franc) weakness on the market. The EUR/AUD moved up strong and is forming a D1 time frame trend. It still has more upside and we will be preparing more trading plans to buy this pair. The EUR/CHF also moved up strong and this pair will likely continue higher as it has no nearby resistance. The live trade signals you see below for these EUR pairs are from The Forex Heatmap®.