Printable View
http://img27.imageshack.us/img27/6664/imagerk.gif
Feet pair NZD / USD traded positive yesterday to begin attempts to penetrate the resistance located at 0.8270 and price stability above this level is needed to enhance our positive expectations.
SMA 50 continues to protect emerging trades, while Stochastic may cause difficulty of the task of penetrating the above-mentioned level.
Couple finally decided on the trend rate of 8230 overcame the resistance and then went north to the pulse rise, now is re-growth after correction, going to buy the breakout 8280 with a view to 8350.
After a long course of lateral movement still work began a retreat from the sloping trend level, is now continuing growth in all major timeframes strengthened above the moving alligator, the immediate goal - 8350.
Although the upside move has stalled, the pair is currently above the Linear Regression Indicators and above the main resistance for the downside correction. We will hold onto our positive expectations and stability above 0.8255 is required over intraday basis to negate the overbought signs on Stochastic.
The trading range for today is expected among the key support at 0.8100 and resistance at 0.8470.
The short term trend is to the upside targeting 0.8400 with steady daily closing above 0.7930.
http://www.dohaup.com/up/2012-11-02/admin890816108.png
Daily NZDUSD 0.8225 already past, is currently in an attempt to break above 0.8350. If able to break above that area and form a clear swing high then give us a good supply area.
nzd/usd technical analysis by using : average directional movement index
adx : 22.1999
+di : 12.8486
-di : 13.1849
timeframe : 1 hour
time : 2000
date : 02.11.2012
is pair ne kal hi apna 1 bahut strong resistance .8270 ko break kiya hai...ye 1 bahut purana aur strong resistance tha is pair ka..
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
could be continue
good luck good like forex forum trading like fast welcome fast indian
Elliott: flat correction down 0.8200
There are initial signs of a good corrective recovery towards 0.8270 or even 0.8281. Supports at 0.8245 and 0.8231 zone.
Technical points
Key point 0.8239
Entry point 0.8264
Elliott 0.8289
Closing 0.8252
Projection 0.8216
Trendline 0.8236
Trendline 0.8267
Supports / Resistances
Res 2 0.8310
Ex-High 0.8289
Res 1 0.8281
Pivot 0.8260
Sup 1 0.8231
Ex-Low 0.8239
Sup 2 0.8210
Weekly ressistance 1 level became a key of movement NZD/USD at friday ago, because after price touched this level, it retraced down and make a lowest price in level 0.8238. price got pressure since asian market gone on. Today, price may get pressure again. so that it will difficulty to rise.