GBP/NZD Trend Analysis 4-1-2015

The GBP/NZD trend analysis is shown below. This pair is building a trend to the upside on the D1 time frame.  Currently the price alarm point is around 1.9980. When the price alarm hits we would look for a buy signal on The Forex HeatmapĀ® to verify the trade entry. There is significant upside potential up to the 2.0700 area indicated by the red lines, this is over 700 pips of potential. Historically, this pair tends to behave like an oscillating pair, cycling up and down on the D1 time frame between support and resistance. The trend indicators you see are exponential moving averages, then analyzed across multiple time frames and individual currencies.

GBP/NZD Trend Analysis 4-1-2015

GBP/NZD Trend Analysis 4-1-2015

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