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forexheatmap

Current USD Trading Plans

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by , 07-26-2011 at 10:40 PM (943 Views)
USD looks weak on all pairs

USD/JPY - strong downtrend set sell alarm at 77.25, no support below there

USD/CHF – strong downtrend set sell alarm at 0.8000, no support below there, 0.8000 is important psychological support

GBP/USD – this pair we believe is now headed to the 1.6700 resistance, it has not consolidated but if it does overnight look to buy after the USD news, strong intermediate uptrend

NZD/USD – strong uptrend, set buy alarm at 0.8750, no resistance

When the price alarms hit verify any buys or sell entries with The Forex Heatmap ™ and look for USD weakness or cross currency strength or both.

Good Trading, Mark Mc Donnell
www.forexearlywarning.com
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