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 April and what you can expect in the upcoming weeks, for Q2 this year.
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?
May 31, 2020
Monthly has two targets right now. The first target is 2.02454 – 364 pips up from the current price. The second target is at 2.04050 – 528 pips up from the current price. The rsi and cmo are in the middle, however appear to be headed down to the buy zone. This would indicate some downward movement until the buy zone is hit.
Weekly has a target at 2.00720 – 210 pips up from the current price. The rsi and cmo are just below the sell zone indicating further movement up is still going to happen.
Daily shows two targets. The first target is at 2.02454 – 360 pips up from the current price. The second target is at 2.04050 – 519 pips up from the current price. The rsi and cmo is in the middle and headed down to the buy zone indicating further down movement until the buy zone is reached.
April 23, 2020 Update
Monthly shows a target at 1.10484 – 282 pips above the current position. The rsi and cmo are in the buy zone and appear to be ready to head up.
Weekly shows all targets have been hit and no new targets have appeared. Therefore no trade on the weekly time frame.
Daily shows a target at 1.07924 – 26 pips above current position. The rsi and cmo are both in the buy position and should start to move up to target shortly.
April 23, 2020 Update
Monthly show all targets have been hit with no new ones yet appearing, therefore there is no trade on the monthly time frame.
Weekly shows all targets have been hit with no new ones yet appearing, therefore no trade on the weekly time frame.
Daily show a target at 2.09046 – 293 pips up from the current position. The rsi and cmo are in the sell zone however and indicates further down action before it starts to move up.
April 16, 2020 Update
Monthly shows a target at 1.10484 – 218 up from the current position. The rsi and cmo are just above the buy zone indicating more downward movement until it reaches the buy zone. It should then come up towards target.
Weekly shows all targets hit and no new targets emerging yet, therefore no trades on the weekly time frame.
Daily shows a target at 1.09084 – 81 pips up from the current position. The rsi and cmo are in the buy zone and appear ready to head up to the sell zone indicating movement up.
GBP NZD in the news
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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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.