Today in forex trading, our alert system, The Forex Heatmap®, pointed traders to the NZD (New Zealand Dollar) strength in the market. There was also a lot of EUR (Euro) weakness in the main trading session. The EUR/NZD sold off and is at the 1.4250 support area. This is a strong support area but all of the major trends are pointing down on this pair. If this pair breaks 1.4250 there is no historical support below there, and substantial additional pip potential. The NZD/CAD also rose, this pair is ranging so we would scale out lots and manage any profitable buy entries. The alert system you see below is The Forex Heatmap®, which supplies visual trading alerts for 28 pairs.
Forex Alert System NZD Strength 4-8-2015