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Elliott: irregular flat correction up 0.8261
One move lower to 0.8192 or 0.8165 is anticipated while below 0.8230 - 0.8244 area. Stop loss above 0.8269 zone.
Technical points
Key point 0.8254
Entry point 0.8230
Elliott 0.8101
Closing 0.8218
Projection 0.8310
Trendline 0.8173
Trendline 0.8275
Supports / Resistances
Res 2 0.8269
Ex-High 0.8243
Res 1 0.8244
Pivot 0.8217
Sup 1 0.8192
Ex-Low 0.8191
Sup 2 0.8165
If we analyze the daily chart is noticeable that there has been a retreat from the long sloping line, that's a couple went to the northern growth and even managed to overcome rolling alligator, in the next few days we can expect continued growth.
http://i45.tinypic.com/4kv6s6.gif
The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 0.8000 and key resistance at 0.8255. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.
nzd/usd technical analysis by using : average directional movement index
adx : 27.6988
+di : 24.6536
-di : 11.0565
timeframe : 1 hour
time : 1900
date : 26.10.2012
NZDUSD next week
Elliott: flat correction up 0.8293
It should trade higher to 0.8277 while 0.8189 or 0.8162 offers support. Stop loss below 0.8135 zone.
Warning: Engulfing pattern
Technical points
Key point 0.8274
Entry point 0.8188
Elliott 0.8101
Closing 0.8223
Projection 0.8259
Trendline 0.8171
Trendline 0.8171
Supports / Resistances
Res 2 0.8331
Ex-High 0.8243
Res 1 0.8277
Pivot 0.8189
Sup 1 0.8135
Ex-Low 0.8101
Sup 2 0.8047
isko break karnek e baad isne fir down trend ke option diye h ai lekin i think iske signals ko aur clear hone ka wait karna chahiye kyunki isne abhi apna resistence toda hai good forex forum fast
we have a support level on the daily chart of the daily chart @23.6% so i predict that this pair will move upward on the short term and i suggest buying this pair now .
NZDUSD has been rejected by the resistance level at 0.8224. I think this pair may fall to the support level at around 0.8173 or lower. This bearish scenario will fail if only NZDUSD can break the 0.8224 resistance level and also the Friday's high at 0.8222.Spoiler:
Elliott: elongated flat correction up 0.8279
It should trade higher to 0.8250 while 0.8197 or 0.8183 offers support. Stop loss below 0.8144 zone.
Technical points
Key point 0.8242
Entry point 0.8206
Elliott 0.8170
Closing 0.8223
Projection 0.8243
Trendline 0.8237
Trendline 0.8231
Supports / Resistances
Res 2 0.8277
Ex-High 0.8237
Res 1 0.8250
Pivot 0.8210
Sup 1 0.8183
Ex-Low 0.8170
Sup 2 0.8144
Nzd/usd technical analysis for 29.10.2012 by using : Auto pivot indicator.
resistance 3:10.8324
resistance 2:0.8282
resistance 1:0.8255
pivot point :0.8213
support 1:0.8186
support 2:0.8144
support 3:0.8117