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.
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Which is the best currency to trade right now?
Weekly There are no targets in the weekly time frame therefore no trade is recommended.
Daily There are no targets in the daily time frame therefore no trade is recommended.
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.
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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.