Today in forex trading the NZD/CAD had a sell signal on The Forex Heatmap®. The Canadian Dollar (CAD) was strong on all pairs and the NZD (New Zealand Dollar) was mostly weak. The NZD/CAD live sell signals are shown below. The NZD/CAD had a sharp drop and should continue down for one more day. However, this pair will eventually reverse back to the upside since the W1 time frame uptrend is still in place.
Forex traders should scale out lots and take profit as this pair continues lower. The USD/CAD also dropped but this was a short term sell on the smaller time frames, and this pair is hitting strong support now. The trading signals you see are from The Forex Heatmap®, which provides live visual trading signals for 28 pairs and eight currency groups. We also provide several professional forex alert systems to notify traders as to when the market is moving.