Current pricing is in the area, overall pip potential is up to the resistance area, noted on the chart. Today the AUD forex weak and the USD was strong. It is part of our overall trend based trading system. Any forex trader can trade profitably using these principles and tools, parallel forex inverse analysis and currency strength are vital to the success of your forex trading program. When analyzing all of the NZD pairs, the NZD is currently strong on all pairs.
Traders can set an audible price alert for a sell atthis price is noted on the chart trend. The next major support is at the area or lower, also noted on the charts.
We also have other sell plans based on NZD strength in our daily trading plans. Currently, the EUR pairs are somewhat neutral or choppy. The alerts tell if if the JPY is weak, NZD is strong, etc. The W1 time frame is shown below in the image. Current resistance and price alarm point is inside The next resistance level is at the — to level as noted on the chart.
Forex traders can set an audible buy alert at on their trading platforms. The cut was widely anticipated in trend post Brexit business environment. This is the first BOE rate cut in 7 years. For traders, the British Pound dropped strong against all 7 currencies inside follow. We expect more GBP pairs to follow based on GBP weakness.
The long term trends on the MN time inside on all GBP pairs continues to show GBP weakness. In this video we will use the JPY Japanese Yen Pairs to show how to build a sample forex trading plan for one group of currency pairs. These principles work for any group of pairs with one common currency. Our trading plans for forex day reflect trend JPY strength. In this video we use the JPY pairs as a sample, then the same methods and techniques can be use for any group of currency pairs.
Today in the main forex trading session the CHF was weak on all pairs.