GBP/NZD: reflects the price of one pound in terms of the New Zealand dollar. It’s an exotic instrument and is poorly amenable to long-term forecasting, but offers relatively good opportunities for scalping. Trading activity peaks during the Pacific trading session.
The currency pair is affected by the following factors:
—prices of agricultural products exported by New Zealand;
—climate conditions (may provoke or hinder the growth of agricultural sector);
—economies of the neighboring countries (the EU countries for the UK and Australia for New Zealand).
The pair’s volatility is moderately high and may reach 300–400 pips a day. The daily chart sometimes shows sharp unpredictable swings. Fundamental analysis is effective, but mostly for the long-term trading.
GBP/NZD has a positive correlation with GBP/AUD.
Register and open an account.
Deposit using any convenient method. Verify your phone number before you start trading to secure your account.
Install a trading terminal or trade directly in your browser.
The trend is descending. The stock is traded in the range between 365 and 135 …
The triple truncated structure is forming (the reverse …
The downward wave structures are truncated, the formation of the reverse wave model …