On an overall basis the USD looks weak.
USD/CAD – strong downtrend in place set sell alarm at 0.9570 (estimate) no near term support
EUR/USD – set buy alarm at 1.4345 strong uptrend in place
AUD/USD – set buy alarm at 1.0500 strong uptrend in place, no resistance past there
You can also set a buy alarm at 1.6355 on the GBP/USD but this pair has many resistance layers up to about 1.6400 so be careful on this one but the uptrend is also strong.
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
Spot Forex Trading Plans Across 22 Currency Pairs
30 day free trial
USD/CAD – strong downtrend in place set sell alarm at 0.9570 (estimate) no near term support
EUR/USD – set buy alarm at 1.4345 strong uptrend in place
AUD/USD – set buy alarm at 1.0500 strong uptrend in place, no resistance past there
You can also set a buy alarm at 1.6355 on the GBP/USD but this pair has many resistance layers up to about 1.6400 so be careful on this one but the uptrend is also strong.
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
Spot Forex Trading Plans Across 22 Currency Pairs
30 day free trial
