Nzd/Usd

short positions at 0.8420 with 0.8400 and 0.8380 as next targets

the breakout of 0.8460 will calla fro arebound towards 0.8490

Spoiler:

http://sadpanda.us/images/1353132-RK68Q74.png

On the hourly chart, the price is below the 12 EMA (red) and 72 EMA (blue) indicates the trend is still down
50 RSI cross the line below area 50 ,indicates the trend is still down
Recommendation: SELL
Take profit: 0.8311
SL:0.8435

NZD/USD is currently moving around 0.8390 major resistance and major support level.for bearish- key level is 0.8375. for bullish key level is around 0.8420.However currently this pair is in bearish movement,but MACD is still in up bt it is going down

The pair test level 0.8400
Ended bearish wave for the pair at the lowest levels of the day 0.8381 during the evening trading session and fell for most of it,s loses tried to recover from that wave the pair regained 0.8400 intraday level last drop 0.10% compared to the opening price

http://i45.tinypic.com/99f4f9.gif

The pair is trading in a very narrow range since past few days but still trading in a ascending channel and the price stable above the Linear regression Indicator which keeps our bullish scenario valid. According to my chart analysis, I prefer to buying the pair above 0.8385 with targets 0.8480, 0.8500 then 0.8515 and stoploss with four hour candle closing below 0.8330.

sell nzd/usd at the level 0.8401 with targets at 0.8356 and 0.8325, but in case of breaking the level 0.8423, then sell at this level with targets at 0.8449 and 0.8497

nzd/usd technical analysis by using : adx

adx : 16.8896
+di : 12.5791
-di : 21.1624
timeframe : 1 hour
date : 17.01.2013

It is still not very clear situation on nzd / usd, steam is still trading inside converging triangle, but the highlight was the 200 which is significantly tightens the sliding course to the north, now the pair is close to the upper boundary of the triangle inclined, by the laws of technical analysis of the purchase (or sale ) be opened only on the fact of breaking one of the boundaries of the triangle, wait for the breakout.

day after day, a couple of pair trades in the hallway, frankly schedule bad ... it probably only make robots and some scalpers .. and just sucks ... I think should be interesting after the price of the consolidation above 0.8435 or below 0.8375 ..:)..:)))

bullish:
1) If the pivot point is confirmed as the support, the pair will return to the 0.8428
2) But the movement number 1 above, consider the retracement that occurs at 0.8421
3) a strong bullish pressure, high penetration of high yesterday and the day before yesterday, will bring the pair headed to 0.8458

bearish:
1) The penetration of the pivot point will bring the pair back to the 0.8372 low the day before yesterday
2) But the movement number 1 above, note retracement could happen at 0.8383
3) a strong bearish pressure, low penetration and low day before yesterday, yesterday, will bring the pair headed to 0.8346

Open Position Setup:
1) BUY, if it breaks 0.8440 targets 0.8458
2) SELL, if it breaks 0.8400 targets 0.8383
3) SELL, if it breaks 0.8366 targets 0.8346