Today in forex trading the GBP/NZD had a trading alert for a buy on The Forex Heatmap®. The New Zealand Dollar (NZD) was weak on all pairs. Since the British Pound (GBP) also had some strength this pushed strong upward movement on the GBP/NZD for traders. The JPY also had some strength today. This caused the NZD/JPY to drop very hard today as the overall drop has pushed this pair into one support level, we would be scaling out lots at this price level. The NZD weakness also pushed the NZD/USD strongly lower, this pair is still trending down and should continue lower from here. The Forex Heatmap®, shown below, gives live trading alerts for 28 currency pairs and can be used for trade entry management and improving your overall profits when trading currencies online.
GBP/NZD Trading Alert 9-25-2014