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Tag Archives: NZD
The NZD/USD is trending higher on the larger time frames. The W1 time frame is shown below in the image. Current resistance and price alarm point is at 0.7305. The next resistance level is at the 0.7500 – to 0.7700 level as noted on the chart. Forex traders can set an audible buy alert at 0.7305 on their trading platforms. Then when the alert hits you can verify any buy trades with The Forex Heatmap®.
Today in forex trading the NZD (New Zealand Dollar) strength alerts were visible on The Forex Heatmap®. This group of pairs began moving in the Asian session, and the movements continued into the main forex session. Movements were strong on all pairs in the NZD pairs group and many of these pairs are trending. The NZD/CHF moved strong to the upside and is trending on the W1 time frame with no resistance nearby, so we believe there is much more upside and we will be looking to plan more buys on this pair going forward. The live currency strength indicator you see below is The Forex Heatmap®, which gives live buy and sell signals for 28 pairs, the alerts to buy or sell the NZD pairs are shown below.
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 should continue down for one more day, but it will eventually reverse back to the upside since the W1 time frame is still pointing up, so take profit as this pair continues lower. The USD/CAD also dropped but this was a short term sell on the smaller time frames. The trading signals you see are from The Forex Heatmap®, which provides visual trading signals for 28 pairs and eight currency groups.
Today in forex trading The Forex Heatmap®, our live signal trading signal software, indicated a buy on the NZD/USD. A snapshot of the signal is shown below. This pair moved strong to the upside and it broke some resistance levels, it could be forming a trend on the larger time frames, like the W1 time frame. Therefore, we will be looking to set more buy plans on this pair going forward, as this pair has considerable upside pip potential from here. The heatmap provides live trading signals for 28 pairs and assists traders with trade entry verification and management.
Today in forex trading the NZD (New Zealand Dollar) strength signals were evident on all pairs on The Forex Heatmap®. The EUR/NZD sold off and the D1 trend is pointing down on this pair, we will look to hold on to this trade, it should drop for at least one more day down to the next support which is estimated at 1.6900. The NZD/CHF also rose, the D1 time frame is pointing up on this pair, the next resistance area is at around 0.6400, we would scale out lots as it approaches this price level. The trade signals you see below are live signals from The Forex Heatmap®, which provides easy to understand trading signals for 28 pairs.
Today in forex trading the NZD pairs ha a trading alert on on The Forex Heatmap®. The New Zealand Dollar (NZD) was weak on all pairs. This drove the NZD/USD much lower and the EUR/NZD higher. Both pairs should continue in the same direction as they are both now back into their trends on the larger time frames. The trading alerts you see below are from The Forex Heatmap®, which provides trading alerts for 8 currencies like the NZD and a total of 28 pairs.
Today in forex trading the NZD/JPY had a sell trading signal on The Forex Heartmap®. This pair and all of the other Japanese Yen (JPY) pairs has very strong sell offs. The NZD/JPY is at one support level so we would scale out lots on any sells. The AUD/JPY also sold off strong and should continue lower after a consolidation period, it is in a strong down trend. The forex market and JPY pairs in particular had many very strong movements today on other pairs and currency groups. The trading signals you see below for the JPY pairs are from The Forex Heatmap®, which also monitors a total of 8 currencies in real time.
Today in forex trading Yuan (CNY) was allowed to appreciate 2% against the US Dollar (USD). This move by the People’s bank of China was due to the recent economic slowdown there, but was still very sudden and unexpected. This was the biggest one day drop in the value of the Yuan in 20 years.This devaluation caused a strong reaction in the forex market. Devaluing the Yuan against the US Dollar by 2% is hoped to boost the Chinese economy.
Most of the price movement and opportunities for forex traders today resulting from the devaluation of the Yuan was based in currencies in the same region like the Australian Dollar (AUD and New Zealand Dollar (NZD). The AUD and NZD both tumbled, but the Euro (EUR) strengthened overnight, producing strong movements in the EUR/AUD and EUR/NZD. The EUR/CAD and moved up strong as all commodity based currencies reacted to the devaluation news. As you can see below, the trading opportunities on the AUD pairs alone was significant. The Forex Heatmap® indicated buy signals on the EUR/AUD, EUR/NZD and EUR/CAD for intra-day or longer term buys, as these pairs are in uptrends. This is a valuable lesson on how forex news and global events can bring profits to any trader who uses this type of real time signal system.
The NZD/JPY trend indicators show that this pair is in a down trend on the W1 time frame. The current support level and price alert point is 82.55. You can set a price alert here. When the alert hits look for a sell signal on The Forex Heatmap® in the main trading session. The longer term support level and estimated price target area is 77.50, shown by the red line. So there is around 500 pips of potential selling this pair. These trend indicators are exponential moving averages on Metatrader.
Today in forex trading the GBP/NZD had a buy alert on The Forex Heatmap®. This pair moved much higher in it’s current uptrend. The New Zealand Dollar (NZD) was weak on all pairs and the GBP (British Pound) had some strength today. This pair should continue higher and it is trending up on the largest time frames. The trading alert for the NZD pairs you see below is The Forex Heatmap®, the heatmap works on 28 pairs and eight different currency groups.