Today in forex trading the GBP/NZD had a sell signal on The Forex Heatmap®. The British Pound (GBP) was mostly weak and the New Zealand Dollar (NZD) was strong, as shown on the heatmap below. This drove price movement on the NZD pairs. The GBP/NZD dropped very hard, it is currently at one support level and we would scale out some lots here at the current prices and support. The NZD/USD also rose on the NZD strength but this is a short term trade only inside of trading ranges. The signals you see below are from The Forex Heatmap®, which provides live buy and sell signals for 28 pairs. The signal clearly shows NZD strength driving today’s movements.
The GBP/NZD sell signal occurred in the main forex trading session, which is one of the best times to trade the forex market. The forex market has two trading sessions, the main trading session and the Asian trading session. Strong movements occur every week in the main trading session.
Forex Signals GBP/NZD Sell 11-12-2014