Today in forex trading the NZD (New Zealand Dollar) strength signals were evident on all pairs on The Forex Heatmap® forex heatmap. The NZD/CAD and NZD/USD both moved strong to the upside starting in the Asian session and moving higher overnight and into the main trading session. Both of these NZD pairs have established new D1 time frame uptrends. We expect both pairs to continue to move higher, after one retracement period.
The NZD/CAD and NZD/USD both moved up over 100 pips each, excellent price movement for traders to take advantage of. This momemtum based trading system and trend indicators will assist greatly at confirming your trade entry points across 28 pairs, not just the NZD pairs. The heatmap can be used for trend based trading, trading after the news, or unexpected price movements on the forex market. The heatmap is easy to read for all traders, even beginners.