Tag Archives: EUR/USD

EUR/USD Resistance Breakout 4-6-2016

The EUR/USD has a resistance breakout point at the 1.1425 area or just above there. All forex traders can set a price alert there. When the price alert hits you can check The Forex Heatmap® for a confirmation buy signal. The EUR/USD has substantial upside potential and a new trend should form on the larger time frames above the breakout point, and also possibly on the MN time frame. The W1 time frame is pictured below. We use support and resistance breakout points combined with simple trend indicators to plan all of our trades across 28 pairs.

EUR/USD Resistance Breakout 4-6-2016

EUR/USD Resistance Breakout 4-6-2016

 

EUR/USD and NZD/USD Trading Signal 3-3-2016

Today in forex trading the USD (US Dollar) was weak on all pairs, see the live trading signals below from The Forex Heatmap®.  The EUR and NZD strength that was also in the market drove the NZD/USD and EUR/USD higher. 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. On the NZD/USD traders should consider scaling out lots on any profitable trades. The Forex Heatmap® provides live trading signals for  the 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 with the easy to read signals and arrows.

EUR/USD and NZD/USD Trading Signal 3-3-2016

EUR/USD and NZD/USD Trading Signal 3-3-2016

EUR/USD Chart 10-14-2015

The EUR/USD chart analysis shows that the W1 time frame is trending to the upside. The current resistance level is at 1.1490, you can set a price alert here. When the alert hits check The Forex Heatmap® to verify any buy trades. Past the current short term resistance level at 1.1490 we see no nearby resistance. The overall upside pip potential is considerable on any buys. The chart you see below is a meta trader platform with exponential moving averages. We use multiple time frame analysis for the analysis.

EUR/USD Chart 10-14-2015

EUR/USD Chart 10-14-2015

Non Farm Payroll, Trading Profitably

In this article we will give you a set of instructions for how to profitably trade currencies after the non farm payroll news announcement with specific tools, indicators, and techniques. We will show any forex trader how to enter trades in a window of time after the non farm payroll news announcement. Most forex traders believe and/or are told that you should not trade non farm payroll news. This is not true at all, this article will detail and show traders how to profitably trade non farm payroll, after the news comes out,  and give you a time line of how and when to enter trades and under what conditions.

What is Non Farm Payroll

Non farm payroll news is reported each month by the US Bureau of Labor Statistics. The news announcement gives out the number of paid US workers of any business, but excludes government employees, farm employees and non-profit organization employees. Volatility statistics indicate that the non farm payroll news announcement is the most volatile of all scheduled US Dollar economic news drivers. The average movement of currency pairs  is higher than any other news driver, so this is why traders are interested in trading to take advantage of this.

What to Look for After Non Farm Payroll

The best thing to do is to wait until after the NFP news announcement at least 10-15 minutes for the initial price spikes to settle down. Then start to monitor the trading tools and charts we show you in this article and in the example below. In some cases the tools and indicators may show you a good trade entry point ahead of the NFP announcement, in this case you must have your stops at break even prices on any open trades ahead of the NFP news announcement, or exit the trade manually ahead of the news.

Any trades you make after non farm payroll news would have the same characteristics as you would have in any good trade, the rules for forex trade entries are exactly the same.  The only scenario you must be careful about is if a pairs gaps up or moves up suddenly 100 pips or more in the first few minutes after the NFP news announcement, this is when an entry can become much riskier.

Most traders expect movement from the USD pairs after non farm payroll, this is logical since it is a news announcement related to the US economy.  The example below shows that you can look for trades on any USD pair, however with this trading system you can look for trades on any of the 28 pairs we follow in the eight major currency groups. So this is yet another myth we are breaking about trading after NFP. In the example below the US Dollar (USD) was weak and the Japanese Yen (JPY) has some strength, so the USD/JPY pair move strong after the NFP news driver. Using the same logic, any one of 28 pairs can be traded after NFP, even non USD pairs.

Traders sometime look at the NFP predictions and results to try to trade from this information, we do not think that this is the correct approach. Just wait for the news to come out, then wait for the price spikes to settle down. At that point you should trust your tools and indicators presented in this article, because they are highly logical and work well in almost every situation. Demo trading NFP will prove your system.

Example Post NFP Trade

On June 3, 2016 here is how trading unfolded, after the NFP news announcement, about 15-20 minutes later,  the 107.80 support area was broken on the USD/JPY. This pair continued down to an intra-day low of 106.60, so 120 pips was possible. This pair closed the day at 106.62. This pair was getting close to support on the H4 time frame, but in many cases we have seen on trending pairs, post NFP movements can be used to enter strong trends with considerable additional pip potential. See the images below of the USD/JPY post NFP news sell signal and chart movement with breakout point.

Non Farm Payroll Trading Signal - USD/JPY Sell Signal

Non Farm Payrolls Trading- USD/JPY Sell Signal

Non Farm Payroll Chart of Price Movement - USD/JPY Chart

Non Farm Payrolls Trading – USD/JPY Chart

The indicators you see above includes The Forex Heatmap®, which gives live buy and sell signals for 28 pairs in real time, even after strong forex news drivers like NFP. The chart setup you see is some very simple exponential moving averages combined with support and resistance levels. The heatmap is indicating clear USD weakness in real time and the trend indicators are showing the trend and support and resistance levels.

The USD/JPY sell was not the only trade available after NFP. The EUR/USD  also gave a buy signal after NFP, it also broke out and into a trend in the D1 time frame. This also served as an entry point into a trend with additional upside potential. So the EUR/USD moved up on the same USD weakness and this pair is in an uptrend that should continue much higher on a larger time frame based on support and resistance analysis. So you could have also caught a buy entry on this pair as well while maintaining significant pip potential going forward. Another great trading opportunity after NFP on the same day.

After selling the USD/JPY we would advise scaling out lots, or closing out half of your lots on that sell position. Then let the additional lots ride the trend. Similarly on the EUR/USD buy position, you could scale out profitable lots, then ride the new D1 time frame uptrend higher with a break even stop in place.

Concusions about Non Farm Payroll trading – It is certainly possible to trade the non farm payroll news, just after the NFP news announcement, and this type of trading is certainly possible for any one of 28 pairs, not just the USD pairs. You just need the right trading system that is flexible enough to give you accurate entry signals with very low risk, under these market conditions. This article gives exact instructions on how to trade non farm payroll profitably, after the news announcement, and also shows you the trend and entry indicators used. If anyone tells you not to trade non farm payroll they are simply mistaken, or the trading system they are using is inadequate or not flexible enough for all market conditions. These same trading techniques and real time indicators also work after all of the volatile news drivers on the world economic calendar across 8 different currencies we track daily.

Currency Trading Signals EUR Strength 7-27-2015

Today in currency trading the Euro (EUR) strength drove price movement on all EUR pairs. The EUR/USD moved strongly higher, this pair is somewhat choppy but it is starting a new trend on the D1 time frame, and it has upside potential from here. The EUR/CAD also moved strongly higher, this pair has a strong uptrend in place and should continue to the next resistance at 1.4700. We will continue to write trading plans to buy these pairs going forward. The trading signals you see below are live signals from The Forex Heatmap®, which provides buy and sell signals for 28 currency pairs including the EUR pairs and 7 other currency groups.

Currency Trading Signals EUR Strength 7-27-2015

Currency Trading Signals EUR Strength 7-27-2015

Forex Trade Signals EUR Strength 6-29-2015

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.

Forex Trade Signals EUR Strength 6-29-2015

Forex Trade Signals EUR Strength 6-29-2015

EUR/USD Trading Signal 6-2-2015

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.

EUR/USD Trading Signal 6-2/2015

EUR/USD Trading Signal 6-2/2015

Forex Major Pairs EUR/USD Sell Signal 2-26-2015

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.

Forex Major Pairs EUR/USD Sell Signal 2-26-2015

Forex Major Pairs EUR/USD Sell Signal 2-26-2015

 

 

Forex Major Pairs USD Weakness 10-15-2014

Today in forex trading the major pairs all moved on US Dollar (USD) weakness. There was also some minor Euro (EUR) and New Zealand Dollar (NZD) strength in the market. This drove price movement on the EUR/USD and NZD/USD as they both moved higher. These two pairs could continue higher for one or two days but they have no trend support from the larger time frames. If you bought either one of these two pairs we would scale out some lots and take profit, scale out additional lots as they continue to rise. The strength and weakness indicators you see below is The Forex Heatmap®, which works for the 7 major pairs listed below plus 21 other exotic pairs for live trading signals.

Forex Major Pairs USD Weakness 10-15-2014

Forex Major Pairs USD Weakness 10-15-2014

Forex Trend Analysis EUR/USD 10-8-2014

The EUR/USD has been in a down trend, but is rebounding off of support and could continue higher. The current resistance level is at 1.2750, noted by the yellow line. You can set a price alert here. When the alert hits check The Forex Heatmap® to verify any buy entries. The next resistance area is around 1.2950, so this trade has 200 pips of potential. The overall trend is still down on the largest time frames is still pointing down, so treat any buys like short term trades for now. This pair could continue up for a few days. The trend analysis you see was done with multiple time frame analysis on the (Euro) EUR and US Dollar (USD) pairs.

Forex Trend Analysis EUR/USD 10-8-2014

Forex Trend Analysis EUR/USD 10-8-2014