Today in the main forex trading session The Forex Heatmap® had a visual trading alert for the NZD pairs. The NZD (New Zealand Dollar) strengthened on all pairs, creating price movement and trading opportunities in this group of pairs. The visual trading alert on The Forex Heatmap® is shown below. The NZD strength was consistent. The NZD/JPY moved strongly higher and this pair has additional pip potential in their current trends. Our target prices for all of the NZD pairs are listed in our daily trading plans.
The trading alerts we provide at Forexearlywarning are visual alerts and they work for entering trades on trending or ranging pairs. On ranging pairs we set price targets based on nearby levels of support and resistance, on trending pairs there may be no support or resistance nearby. Also, we trade 28 pairs using this profitable heatmap indicator so it takes time to get used to all of the pairs we trade. Most forex traders only trade the EUR/USD or a handful of pairs.