5518
AUD/JPY - strong uptrend in place, set buy alarm at 83.40, excellent ongoing upside potential.
NZD/JPY - strong uptrend in place, set buy alarm at 79.00, excellent ongoing upside potential.
CHF/JPY - strong uptrend in place, set buy alarm at 110.85, excellent ongoing upside potential.
GBP/JPY - strong uptrend in place, set buy alarm at 140.30, excellent ongoing upside potential.
USD/JPY - strong uptrend in place, set buy alarm at 112.90, excellent ongoing upside potential.
NZD/USD - strong downtrend forming, set sell alarm at 0.6950, next major support 0.6700.
EUR/USD - strong downtrend in place, set sell alarm at 1.0525, no nearby support below there, new multiyear lows.
GBP/CAD - H4 uptrend in place, set buy alarm at 1.6805, next resistance is around 1.7050.
GBP/CHF - D1 uptrend in place, set buy alarm at 1.2675, next major resistance around 1.3000.
News drivers for the upcoming main session from the EUR can be found on the news calendars. Tomorrow is a USA bank holiday.
5517
Today in forex trading the JPY was weak. The GBP/JPY and USD/JPY moved very strong to the upside. Both pairs are now in strong up trends with ongoing upside potential on the W1 time fame trend.
News drivers from the USD (FOMC) are pending in a few hours from now.
5516
The JPY looks weak across most pairs. Here are three pairs that we like;
AUD/JPY - W1 uptrend in place, set buy alarm at 82.60, excellent upside potential above here.
NZD/JPY - W1 uptrend in place, set buy alarm at 78.55, excellent upside potential above here.
EUR/JPY - W1 uptrend in place, set buy alarm at 118.15, excellent upside potential above here.
The AUD looks like it's strengthening, here are three pairs we like;
GBP/AUD - The H4 timeframe is cycling back down from here. Next major support area is around 1.6500.
AUD/USD - The H4 timeframe is reversing back to the upside. Overall upside potential is to the 0.7700 resistance area.
AUD/NZD - The H4 timeframe is cycling back up from here. Set a buy alarm at 1.0510, next major resistance area is at 1.0650.
News drivers for the upcoming main session from the GBP and USD can be found on the news calendars.
5515
Today in the main session the market was quiet. We did not see any strong movements or breakouts today. All of the currency groups were either consolidating or had mixed signals.
5514
AUD/JPY - W1 uptrend in place, set buy alarm at 81.90, we expect this pair to move to the 82.50 resistance area and continue much higher.
GBP/CHF - the major trend is still down on this pair, but see see a good buy opportunity on the D1 time frame. Set a buy alarm at the 1.2620 price level and look for a buy signal above there. No nearby resistance past there.
AUD/CAD - this pair is setting up for a reversal back up on the H4 and D1 time frames, start to look for a buy signal in the main session or after the CAD news, potential is at least back up to the 1.0325 resistance area.
NZD/CAD - this pair is setting up for a reversal back up on the H4 and D1 time frames, start to look for a buy signal in the main session or after the CAD news, potential is at least back up to the 0.9825 resistance area.
News drivers for the upcoming main session from the CAD can be found on the news calendars.
5513
Today in forex trading the GBP was strong and the NZD was also strong. The GBP/USD moved higher, this pair only has H4 trend support we would scale out lots on any new buys. The GBP/JPY also moved higher, this pair is at one resistance point so once again scale out lots on any new buys. The GBP/CHF also moved up and this pair is inside some historical resistance levels, once again scale out lots on any new buys. The NZD strength pushed the NZD/JPY higher, this pair has ongoing upside potential on the W1 time frame uptrend.
5512
CHF/JPY - strong uptrend in place, set buy alarm at 109.95, excellent upside potential above here.
EUR/JPY - strong uptrend in place, set buy alarm at 117.65, excellent upside potential above here.
CAD/JPY - strong uptrend in place, set buy alarm at 82.30, excellent upside potential above here.
NZD/JPY - strong uptrend in place, set buy alarm at 77.85, excellent upside potential above here.
GBP/NZD - this pair is ranging sideways, set a straddle alarm at 1.7725 for a buy and 1.7450 for a sell and leave them in place for now, room to move in both directions.
AUD/USD - Strong downtrend forming, set sell alarm at 0.7315, next major support 0.7150.
News drivers for the upcoming main session from the EUR can be found on the news calendars.
5511
Today in forex trading the AUD was weak again. The AUD/CAD continued down on the D1 time frame. The next support level is at approximately 0.9850, it is likely headed there. The rest of the market and currency groups had mostly mixed signals.
5510
AUD/JPY - W1 uptrend in place, we would consider any buy signals on this pair in the main session, this pair should cycle up to the 82.50 resistance and continue much higher.
NZD/JPY - W1 uptrend in place, set buy alarm at 77.65, excellent upside potential.
CAD/JPY - W1 uptrend forming, set buy alarm at 81.65, excellent upside potential.
CHF/JPY - W1 uptrend in place, set buy alarm at 109.55, excellent upside potential.
EUR/JPY - W1 uptrend in place, set buy alarm at 117.40, excellent upside potential.
USD/CAD - strong uptrend in place, some short term resistance up to 1.3585, then room to move much higher past there.
The USD has been strong today after the main session, so be careful with any new trades based on USD strength in the upcoming main session.
EUR/CHF - strong downtrend in place, set sell alarm at 1.0680, no nearby support below there.
Other pairs - the AUD/CAD and NZD/CAD have been selling off on the H1 time frame and are stalling, at support, since the overall trends are up on these two pairs they should resume their up trends on Sunday night or early next week.
News drivers for the upcoming main session from the EUR and CAD can be found on the news calendars.
5509
Today in forex trading we did not see any new trade entries. The market mostly consolidated. No strong movements or breakouts today.
5508
EUR/GBP - this pair is stalled at support, if you see a buy signal on this pair in the main session or after the GBP news we would consider trading, a new H1/H4 uptrend could develop.
GBP/CHF - this pair is stalled at resistance, if you see a sell signal on this pair in the main session or after the GBP news we would consider trading, a new H1/H4 downtrend could develop.
Other Pairs
All of the JPY pairs are still in up trends but these pairs are retracing tonight. Several other pairs are also setting up for reversals by Friday morning main session.
News drivers for the upcoming main session from the GBP and USD can be found on the news calendars.
5507
Today in forex trading the AUD was weak. The AUD/USD sold off on the D1 time fame, this pair has some support at 0.7450, so we would scale out lots on any new sells. The AUD/CAD also sold off on the D1 time frame, next support level is close by at 0.9980 on this pair also. Once again we would scale out lots on any sells. The AUD/CAD should reverse back up at some point, the overall trend is up on this pair.
News drivers for the upcoming Asian session from the NZD and AUD can be found on the news calendars.
5506
CAD/JPY - W1 uptrend in place. Set a buy alarm at 81.20, excellent long term potential past there.
EUR/JPY - W1 uptrend in place. Set a buy alarm at 117.15, excellent long term potential past there.
CHF/JPY - W1 uptrend in place. Set a buy alarm at 109.10, excellent long term potential past there.
News drivers for the upcoming main session from the GBP, CAD and USD can be found on the news calendars.
5505
Today in forex trading the CAD was strong on all pairs. The CAD/JPY and CAD/CHF moved strong to the upside. The CAD/JPY could be forming a W1 uptrend with continuing long term potential. The CAD/CHF only has H4 trend support , so it should continue up for 1-2 more days, you can exit when the H4/H1 time frames stall at resistance.
5504
If the USD is weak in the main session we believe several pairs could move and reverse. Here are two we like.
AUD/USD - this pair could reverse back up on the H4 time frame, set buy alarm at 0.7580, it has potential back up to the 0.7750 resistance area.
NZD/USD - this pair could reverse back up on the H4 time frame, set buy alarm at 0.7140, it has potential back up to the 0.7380 resistance area.
If the GBP weakens in the main session or after the news, here are some pairs with great short term potential.
EUR/GBP - this pair could cycle up from here on the H4 time frame, excellent short term potential.
GBP/CHF - this pair could cycle down from here on the H4 time frame, excellent short term potential.
GBP/NZD - this pair could cycle down from here on the H4 time frame, excellent short term potential.
NZD/CAD - This pair has sold off but the main trend is up, set a buy alarm at 0.9660, this pair could go back up to the 0.9850 area and continue higher.
Other Pairs- Most of the JPY pairs are in W1 uptrends, but they look like they will consolidate or retrace tonight.
News drivers for the upcoming main session from the EUR, AUD, GBP and USD can be found on the news calendars.
5503
Today in forex trading the JPY weakness continued into the main session. Pairs like the USD/JPY and AUD/JPY moved higher in the Asian session and continued up into the main session. Both pairs are trending up on the W1 time frames and still have excellent long term upside potential.
News drivers for the upcoming Asian session from the AUD can be found on the news calendars.
5502
AUD/JPY - W1 uptrend in place, consider any strong buy signal on this pair, the smaller time frames are somewhat choppy, overall potential is excellent.
CAD/JPY - W1 uptrend is forming, consider any strong buy signal on this pair, the smaller time frames are somewhat choppy, overall potential is excellent.
CHF/JPY - W1 uptrend in place, set buy alarm at 108.40, excellent upside potential.
USD/JPY - strong uptrend in place, set buy alarm at 107.60, excellent upside potential.
EUR/AUD - D1 downtrend in place, we would consider any strong sell signals on this pair, potential is down to approximately 1.4450 area support.
EUR/CHF - strong downtrend in place, set sell alarm at 1.0700, no nearby support below there.
Other pairs - the NZD/CAD is dropping but we will plan a buy on this pair when it reverses back up into the major uptrend later this week. | .jpg "Forex Heatmap")
