Recent Blogs Posts

The EUR/JPY and EUR/USD and in strong downtrends but the smaller time frames are consolidating and choppy, we like the trends but be careful on any heatmap sell signals.

GBP Pairs

GBP/JPY – strong downtrend set sell alarm at 121.20

GBP/USD – intermediate term downtrend set sell alarm at 1.5760, target is as low as 1.5400

The GBP/JPY is basically out of support, other pairs that could drop like the GBP/CAD are nearing pretty heavy support.


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

...

CHF weakness is likely tonight, all CHF alarm prices are estimated

USD/CHF – set buy alarm at 0.7970 and 0.7995 to check for movement, check the heatmap when the lower alarm hits or else reset to higher alarm. Some room to move past there to the upside.

EUR/CHF – set buy alarm at 1.1485, room to move past there

AUD/CHF – set buy alarm at 0.8370, room to move to the upside here too

If the alarms start to hit and the CHF is weak check the CAD/CHF and NZD/CHF for buy signals also, they also have room to move up. D1 time frame trends should form if they all move up.


When the price alarms hit verify any buys or sell entries with The Forex Heatmap ™ and look for CHF ...

Look for USD weakness after the news tomorrow.

USD/JPY – trends are mostly down and could strengthen, set sell alarm at 76.30, little or no support below there

USD/CAD – set sell alarm at 0.9770, room to drop below there and D1 down trend could form

AUD/USD – the D1 time frame is crossing now to the upside, set buy alarm at 1.0600 and look for a buy signal, room to move above that price

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
Spot Forex Trading Plans Across 28 Currency Pairs
...

CHF trends are all still very strong

CHF/JPY – strong uptrend with no resistance check for buy signal when the other CHF alarms hit

These pairs have no support

USD/CHF – set sell alarm at 0.7185(estimate), one spike of support below there, strong downtrend

EUR/CHF – strong downtrend check for sell signal when other CHF alarms hit

GBP/CHF – strong downtrend set sell alarm at 1.1680, one spike of near term support below there

CAD/CHF – strong downtrend with no support set sell alarm at 0.7275


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