AUD/USD – This pair is starting to trend up on the W1 time frame. if you see a buy signal in the main session on this pair we think the W1 up trend could push it higher but there is a lot of nearby resistance. So only use strong heatmap signals for entry. Overall potential on the W1 up trend is good to about 1.0800.
USD/CAD – Set sell alarm at 1.0100, downside potential is as much as the 0.9850 area on the D1 time frame.
EUR/USD – Set buy alarm at 1.2325, if this pair cycles up the target is unknown but there is no nearby resistance, if this alarm hits also check the USD/CHF for a short term sell signal, it has no nearby support but should also be treated as a short term trade. These two trades would be short term trades against the overall trend.
When the price alarms hit verify any buy 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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