NZD/JPY Sentiment Swings Bullish

By Tom Stewart on 29 November 2021

TradeProofer’s NZDJPY sentiment has swung bullish, and the daily bullish structure is still in tact. This is despite the recent sell off having strong momentum.

NZD/JPY Sentiment, 29 Nov 2021

NZD/JPY has traded into the previous resistance trendline which may act as a support. Price has been extremely bearish over the last few trading days, as traders look to hedge risk as the new Omicron Covid-19 strain is spreading.

The pairs daily bullish structure still remains in place as you can see below, with the recent low lying at 76.338.

NZD/JPY 1D Chart, 29 Nov 2021

TradeProofer’s Best Broker For Execution

By Tom Stewart on 10 November 2021

Currently TradeProofer’s best execution broker is Fusion Markets on their Zero account. Fusion Markets is an ASIC regulated forex broker that offers multi-asset trading across 170+ different products. TradeProofer data shows that Fusion Markets has executed an outstanding 95% of trades inline with their spreads. This means that only 5% of trades executed had slippage …

RBA Today – Will Rate Hikes Be Announced Earlier Than Expected?

By Tom Stewart on 02 November 2021

The Melbourne cup takes place in Australia today, a world renowned horse race event. The RBA has decided to get in on todays excitement, and will be announcing their Interest Rate Decision at 15:30 AEST today. The Commonwealth Bank of Australia has forecasted that the RBA will hike rates in November 2022. Despite this, the …

XAUUSD Spreads Enter A New Era!

By Tom Stewart on 28 October 2021

Brokers have been busy cutting spreads over the last year across forex major symbols. Gold has been no exception to this, with gold spreads getting progressively lower. We have now entered a new era of gold spreads however. Only one year ago brokers spread averages on XAUUSD were around a 20 cent spread. Now TradeProofer …