Tag Archives: trend analysis

GBP/JPY Trend Reversal 9-28-2016

A GBP/JPY trend reversal may be underway on the D1 time frame. Look for a buy signal on this pair in the main session starting tomorrow morning. You can watch The Forex Heatmap® to confirm any buys and also the live heatmap alert system. Current pricing is in the 132.00 area, overall pip potential is up to the 138.00 resistance area, noted on the chart.

GBP/JPY Trend Reversal

GBP/JPY Trend Reversal 9-28-2016

NZD/CAD Uptrend Continuation 9-26-2016

Today in forex trading the NZD/CAD uptrend was evident again. This pair is in a major uprend on MN time frame, but had sold off against the trend for a few days. Today the NZD/CAD reversed back up into the major trend. The live buy signal for this pair from todays trading on The Forex Heatmap® is shown below in the images, along with the price chart movement. The NZD/CAD uptrend should continue to pull this pair higher to at least the 0.9650 resistance area, then this pair could continue higher from there.

NZD/CAD Buy Signal

NZD/CAD Buy Signal

NZD/CAD Uptrend Continuation

NZD/CAD Uptrend Continuation

The NZD/CAD uptend was interrupted by a short term sell off over a few days, then this pair built a choppy relative low around the 0.9450 price level. It is now reversing back into the major uptrend on the MN time frame. This happens in a trending market when a pair sells off against the major trend, then reverses back into the trend. It gives traders an opportunity to enter the trend at a lower price, we call these swing trade setups. It is in action with the NZD/CAD uptrend but it works for all 28 pairs we trade.

EUR/NZD Strong Downtrend 9-7-2016

The EUR/NZD is in a strong downtrend on the major time frames like the W1 and MN time frames. When analyzing all of the NZD pairs, the NZD is currently strong on all pairs. Traders can set an audible price alert for a sell at 1.5030, this price is noted on the chart below. The next major support is at the 1.4250 area or lower, also noted on the charts. We also have other sell plans based on NZD strength in our daily trading plans.

EUR/NZD Strong Downtrend

EUR/NZD Strong Downtrend 9-7-2016

To perform the analysis of the EUR/NZD we used multiple time frame analysis by individual currency, which is very powerful and revealing. This revealed that the EUR/NZD was in a strong down trend based mostly on the consistent NZD strength in the market. Currently, the EUR pairs are somewhat neutral or choppy. If any EUR weakness comes into the market, perhaps after tomorrow’s EUR news drivers on the economic calendar, we expect a strong sell off on this pair. The Forex Heatmap® and live heatmap alerts will keep us apprised of any EUR weakness in the market in real time.

NZD/USD Trending Higher 8-10-2016

The NZD/USD is trending higher on the larger time frames. The W1 time frame is shown below in the image. Current resistance and price alarm point is at 0.7305. The next resistance level is at the 0.7500 – to 0.7700 level as noted on the chart. Forex traders can set an audible buy alert at 0.7305 on their trading platforms. Then when the alert hits you can verify any buy trades with The Forex Heatmap®.

NZD/USD Trending Higher

NZD/USD Trending Higher 8-10-2016

Sample Forex Trading Plan For One Group Of Pairs

In this video we will use one group of currency pairs to show traders how to build a sample forex trading plan for any pair in that group. These principles for building a trading plan work for any group of pairs with one common currency. Our example will be for the Japanese Yen (JPY) pairs. To prepare a trading plan for the JPY pairs you would drill down the charts using multiple time frame analysis.  The AUD/JPY NZD/JPY, CAD/JPY, EUR/JPY, etc., all 7 JPY pairs total. In this example the long term trends on the higher time frames are all pointing down, and the H4 and D1 time frames are reversing back down into the trend, so the charts show that JPY is strong and that the JPY pairs are dropping. Our trading plans for this day reflect the JPY strength.

We prepared written trading plans for various JPY pairs along with the price alert points for traders to set audible alerts to detect the movement to the downside. When the price alerts start to hit in the Asian session the JPY pairs are in an obvious sell off and our currency alert system also shows the sell off. This is a very safe way to trade the forex and this method works for all 8 groups of currency pairs we trade, i.e., USD pairs, CHF pairs, NZD pairs, etc., for a total of 28 pairs. Use the techniques in this video to prepare a sample forex trading plan for any group of pairs until you get more practice.

Forex Trend Charts EUR/AUD 7-20-2016

The EUR/AUD is forming a new uptrend on the D1 time frame. Traders can set a buy alarm 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® 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.

Forex Trend Charts EUR/AUD 7-20-2016

Forex Trend Charts EUR/AUD 7-20-2016

Forex Trend Analysis NZD/CHF 6-29-2016

The NZD/CHF is trending higher on the W1 time frame. Traders can set a buy alert at the 0.6985 resistance area, which is noted on the chart. 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 the risk to 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 determine the trend and overall plan of entry.

Forex Trend Analysis NZD/CHF

Forex Trend Analysis NZD/CHF

Free Forex Trend Indicators

This video will show traders how to set up our free forex trend indicators. You can use these indicators for multiple time frame analysis to analyze 28 currency pairs across the 8 different currencies we track every day. You can also use these indicators to follow our trading plans. This is our “basic” trend indicator setup, some of our other videos will give you other options that fit our trading system. This video is only 4 minutes and will show you how to set up one pair, then you can duplicate the procedure for 28 pairs. The setup is for the Metatrader (MT4) charting platform using the basic chart window, simple open, high, low, close barcharts and exponential moving averages. It will show you color settings and how to zoom and magnify the time frames. Using this procedure you should be able to set up 28 pairs in about 20 minutes. Just click on the link if you would like we also have some written instructions to set up these free metatrader trend indicators.

NZD/USD Trading Plan 6-8-2016

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 a buy alert at the near term resistance, just past 0.7130. When the price alert hits check The Forex Heatmap® for a confirmation buy signal. 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 potential, sour our money management strategies like risk reward ratio is pretty solid. We suspect we will be issuing several trading plans based on NZD strength and other pairs in the NZD group tomorrow in our daily trading plans.

NZD/USD Trading Plan

NZD/USD Trading Plan 6-8-2016

Forex Trade Charts GBP/USD 5-25-2016

This a chart of the GBP/USD on the W1 time frame. This trend is still new and has plenty of upside potential. Traders should set a buy alarm at 1.4725 on this pair. When the alarm hits check The Forex Heatmap® for a confirmation buy signal. The W1 trend is still forming so 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. These trade charts are easy to set up for all 28 pairs and the analysis techniques are available at Forexearlywarning.com for any trader.

Forex Trade Charts GBP/USD 5-25-2016

Forex Trade Charts GBP/USD 5-25-2016