Tag Archives: GBP

GBP/AUD Chart 6-17-2015

The GBP/AUD chart shown below shows that this pair is trending higher on the largest time frames, like the MN time frame chart shown below. The current price resistance on this pair is at 2.0530. You can set a price alert here. When the price alert hits check The Forex Heatmap® to confirm the buy entry. The next resistance levels is at approximately 2.2280, so this pair has substantial upside pip potential. The GBP/AUD chart shown below is 5/12 exponential moving averages

GBP/AUD Chart 6-17-2015

GBP/AUD Chart 6-17-2015

GBP/NZD Trading Alert 6-17-2015

Today in forex trading the GBP/NZD  had a buy alert on The Forex Heatmap®. This pair moved much higher in it’s current uptrend. The New Zealand Dollar (NZD) was weak on all pairs and the GBP (British Pound) had some strength today. This pair should continue higher and it is trending up on the largest time frames. The trading alert for the NZD pairs you see below is The Forex Heatmap®, the heatmap works on 28 pairs and eight different currency groups.

GBP/NZD Trading Alert 6-17-2015

GBP/NZD Trading Alert 6-17-2015

Forex Alert System GBP Strength 5-21-2015

Today in forex trading The Forex Heatmap® alerted forex traders to the GBP (British Pound) strength in the market. This caused good price movement on all of the pairs in the GBP group of pairs. The NZD (New Zealand Dollar) and AUD (Australian Dollar)  also had some minor weakness. The GBP/AUD and GBP/NZD moved strongly higher. Both pairs are trending higher on the larger time frames and trends. The GBP/AUD has not broken through all of the near term resistance, but the GBP/NZD has fully broken out and should continue much higher. The visual alert system you see below is The Forex Heatmap®, which gives trade alerts for 28 currency pairs, and 8 different groups of currency pairs.

Forex Alert System GBP Strength 5-21-2015

Forex Alert System GBP Strength 5-21-2015

Currency Pair Analysis GBP/USD 5-13-2015

The GBP/USD currency pair is trending up on the W1 time frame. The analysis indicates that the current resistance is about 1.5750. You can set a price alert there and above that price look for a buy signal on The Forex Heatmap®, to confirm any buys. The 1.5750 area is denoted by the red line. The analysis of this pair was done with some simple trend indicators available to any forex trader, they are exponential moving averages. Then we use multiple time frames by individual currency to perform the analysis.

Currency Pair Analysis GBP/USD 5-13-2015

Currency Pair Analysis GBP/USD 5-13-2015

Currency Strength Indicator GBP Strength 5-11-2015

Today in currency trading the GBP (British Pound) strength caused significant price movement on these pairs. There was also some NZD (New Zealand Dollar) and JPY (Japanese Yen)  weakness in the market. The GBP/NZD and the GBP/JPY moved much higher. The GBP/NZD has broken out of a resistance range and could be headed much higher on the W1 time frame trend. The GBP/JPY also moved much higher, but this pair is hitting one resistance level at the 187.50 area, so we would be scaling out lots on this pair. The GBP strength indicator you see below is The Forex Heatmap®, which measures strength and weakness in 28 currency pairs, and eight currencies, to guide forex traders.

Currency Strength Indicator GBP Strength 5-11-2015

Currency Strength Indicator GBP Strength 5-11-2015

Forex Trend Analysis GBP/JPY 4-8-2015

The GBP/JPY is building a new trend going up on the D1 time frame. The current analysis shows resistance is at 179.25, you can set a price alarm here for a buy. Above this price when the alarm hits look for  a buy signal on The Forex Heatmap®. The overall pip potential is very good going up to the 184.50 resistance, this is over 500 pips of potential movement. The trend analysis you see below was done with moving averages and using multiple time frame analysis by individual currencies, which is our analytical technique for 28 pairs.

Forex Trend Analysis GBP/JPY 4-8-2015

Forex Trend Analysis GBP/JPY 4-8-2015

GBP/NZD Trend Analysis 4-1-2015

The GBP/NZD trend analysis is shown below. This pair is building a trend to the upside on the D1 time frame.  Currently the price alarm point is around 1.9980. When the price alarm hits we would look for a buy signal on The Forex Heatmap® to verify the trade entry. There is significant upside potential up to the 2.0700 area indicated by the red lines, this is over 700 pips of potential. Historically, this pair tends to behave like an oscillating pair, cycling up and down on the D1 time frame between support and resistance. The trend indicators you see are exponential moving averages, then analyzed across multiple time frames and individual currencies.

GBP/NZD Trend Analysis 4-1-2015

GBP/NZD Trend Analysis 4-1-2015

Forex Trading Signals GBP Strength 2-18-2015

Today in forex trading the GBP (British Pound) strength was signaled on The Forex Heatmap®. This caused price strong movement on this group of pairs. The GBP/CHF broke to the upside and has no resistance past the current pricing, it is trending higher. The EUR/GBP broke support and should continue lower in it’s downtrend. The GBP/AUD moved strong to the upside but is still inside of some resistance layers so we would scale out lots on this buy trade. The live trading signals you see below for the GBP pairs is The Forex Heatmap®, it also provides signals for seven other currency groups.

Forex Trading Signals GBP Strength 2-18-2015

Forex Trading Signals GBP Strength 2-18-2015

Currency Pair Analysis GBP/CAD 1-21-2015

The GBP/CAD analysis below shows that this pair has broken through short term resistance and is now trending up again on the largest time frames. The  current short term resistance level is at 1.8730. We would set a price alert here. When the alert hits we would look for more buy signals going forward above this price on The Forex Heatmap®. The upside potential on this trend is still very good. The Canadian Dollar (CAD) interest rate news today could signal more CAD weakness ahead, which would continue to drive this pair higher. The analysis of the GBP/CAD was performed with multiple time frame analysis.

Currency Pair Analysis GBP/CAD 1-21-2015

Currency Pair Analysis GBP/CAD 1-21-2015

Forex Trading Charts GBP/JPY 1-7-2015

The GBP/JPY charts show that this pair is is still trending up on the larger time frames, but it has sold off on the H4 time frame. We expect this pair to reverse to the upside. It has the  potential to cycle back up to the 187.00 resistance area again. You can set a price alert at the 180.75 level on this pair. When the alert hits look for a buy signal on The Forex Heatmap®.  This is the H4 time frame chart shown below, these charts are exponential moving averages set up on a meta trader platform.

Forex Trading Charts GBP/JPY 1-7-2015

Forex Trading Charts GBP/JPY 1-7-2015