GBPNZD to trend lower? Expectations for a turn lower in the currency meanwhile remains a base-case expectation at New Zealand and Australian lender ANZ Bank.
Have you been searching around for the best target trading ideas? You have come to the right place, because here you will get some cool trading tips that can boost your forex account this month. I will provide the best free forex signals for what you can expect in the upcoming weeks.
Imagine if you could open just a few trades and see an impressive profit growth on your forex account in just a couple of weeks? Wouldn’t that have been great? My signals have been very profitable and have given me a steady account boost in the past, and now I am sharing fresh and honest forex signals with you.
Which is the best currency to trade right now?
Monthly has two targets. The first target is at 1.99170 – 458 pips above from the current price; the second target is at 2.06498 – 1,193 pips above the current target. The rsi and cmo are just above the buy zone and should be ready to move up to the sell zone soon. Confirmation of this pair firmly moving up is required before placing a trade in this time frame.
Weekly has a target at 1.95908 – 121 pips above the current position. The rsi and cmo is in the middle indicating further up movement from this pair before it is ready to start heading up to the sell zone.
Daily shows a target at 1.95908 – 128 pips up from the current position. The rsi and cmo are in the middle but appear to be moving up to the sell zone.
GBPNZD in the news
GBPNZD entered the current 4 hour candle at 1.9054, up 6 pips (0.03%) from the previous 4 hours. Relative to other instruments in the Forex asset class, GBPNZD ranked 6th the previous 4 hours in terms of percentage price change, according to CFD Trading.
The Pound to New Zealand Dollar (GBPNZD) was subdued at the beginning of last week as risk-on markets boosted the risk-sensitive ‘Kiwi’.Exchangerates.org
Today saw the Reserve Bank of New Zealand (RBNZ) leave interest rates at 0.25% as expected. Although said it was prepared to use additional tools ‘if and when needed’.
However, the ‘Kiwi’ remained under pressure today as the RBNZ signalled a possible shift to Pound Sterling New Zealand Dollar (GBPNZD) Exchange Rate Muted as Risk Appetite ImprovesCurrency News
The New Zealand Dollar’s gains – as well as those of the Aussie Dollar – confirm the two currencies retain a positive correlation with global investor sentiment, rising and falling with equity markets and we therefore expect the advance to extend as long as broader sentiment remains constructive.
From a technical perspective the Kiwi appears to now be locked into a firm trend of appreciation against the U.S. Dollar, Pound and Euro and we see little reason to stand in the way of the trend at the current juncture.Poundsterlinglive.com
Today I have shown you the best free forex signals that I use to get amazing results on my own account and what I think the next few weeks will look like in the forex market. Yes, it’s a very difficult market, but I’m sure we can take it to our own advantage.
What to do next?
It’s time to boost your trading account with some signals that I really believe in. I also shared the best trading ideas for XAUUSD for this month if you want to have a look. Let me know your thoughts.
We provide new trading analysis every week
Was this article helpful for you? What do you think of the EURUSD and GBPNZD currency pairs? I often use Pivot points in my analysis. I have already written an article where I explained in detail how target trading works.
I’d love to know what you thought of this article. Don’t forget to go to our facebook page and give us a “Like” and leave your comments.
Before participating in Foreign Currency Trading (Forex Market) you must consider carefully the risks of the market, which has big rewards potential, yet is also extremely risky. Consider all the risks carefully before investing in the Forex Market. Remember that all the information and signals, prices and trade recommendations provided here on Forex and Profits is only general information and market commentary, thus, it does not incorporate investment advice.