GBP/NZD 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 three targets right now. The first target is 1.95051 – 282 pips below the current target; the second target is 2.01082 – 337 pips up from the current price; the third target is at 2.06503 – 872 pips up from the current price. The rsi and cmo are in the sell zone and look like they are about to move down to the buy zone soon.
Weekly has a target at 2.00720 – 315 pips above the current position. There is another target at 1.95646 – 200 pips below the current position. The rsi and cmo are just under the sell zone indicating more up movement to come. Confirmation of the rsi and cmo in the sell zone and this pair heading down for a retracement is recommended before a sell trade is placed.
Daily shows four targets. The first target is at 1.97306 – 40 pips below the current position; the second target is at 1.94666 – 303 pips below the current position; the third target is at 1.93683 – 403 pips below the current position; the fourth target is at 1.91393 – 633 pips below the current position. The rsi and cmo are in the middle. Confirmation of which way these two are going – the buy or sell zone before placing a trade is recommended
GBP NZD in the news
GBP/NZD 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, GBP/NZD ranked 6th the previous 4 hours in terms of percentage price change, according to CFD Trading.
The Pound to New Zealand Dollar (GBP/NZD) 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 (GBP/NZD) 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
GBP NZD Summarized
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 XAU/USD for this month if you want to have a look. Let me know your thoughts.
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