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nzd/usd
in the h1 time frame this pair is continue moving in the down trend but now price will try to hold. at the time cci and stoch area also try to come out from over sold area. we can look on the long order but we must wait to break the resistance at 0.8375. if this resistance break we can long with 0.8410 take profit.
By NZD decided to completely turn over the purchase as the pair went to the medium level of support sloping + RSI has formed a small bullish divergence and a buy signal, and the output is also noticeable that the volume of evidence that this mark focused buyers and they now have a lot of pressure, I think it should lead to the beginning of a new wave of northern already.
Personally, I would not advise buying now open and go against the trend on the daily chart from the pressure of the bears could not resist moving and blue alligator, and its purpose is not fulfilled bears, as can easily lead to a pair of sloping long-run (8275) - as a from at least as it can affect the reversal of the trend wave in the north.
Nzd/usd is in strong downtrend and i think it will hit the next support level at 0.8301 soon . But stochatics show us that it is in oversold point . So i think we should wait for the oppoturnity here and make a buy transaction for making some profit because i think the retracement will be happend here .
http://vangsaigon.com/iupload/images/nu72.bmp
---------- Post added 02-08-2013 at 08:55 AM ---------- Previous post was 02-07-2013 at 04:25 PM ----------
In H4 time frame we can see that happen the three white Soldiers candlestick that show us Nzd/usd is bullish now . So i think nzd/usd will continue moving it its way and will reach the nearest resistance level at 0.8392 soon . If the bullish mometum is weak , i think it will try to retest the support level 0.8304 again .
http://vangsaigon.com/iupload/images/nu82.bmp
Nzd/usd analysis for 02.08.2013 by using : pivot indicator.
r3: 0.8491
r2: 0.8446
r1: 0.8387
pivot : 0.8342
s1:0.8283
s2: 0.8233
s3: 0.8179
nzd/usd
the price is strongly hold at the support level 0.8295 and it is moving upside with hitting this support level but now it is moving to the resistance level at 0.8370 at the time stoch and cci indicator are over bought so we can see down side movement we can short this pair and target is 0.8320
buy nzd/usd at the level 0.8360 with targets at 0.84050.8451, but in case of breaking the level 0.8340, then sell below this level with targets at 0.8305 and 0.8255
the pair hit,s new level 0.8370
the pair NZD/USD today following the release Asian trading session of the rising price for the lowest level of the day 0.8325
continued to climb relentlessly a head at the moment about 0.41% above it,s opening price stable European transactions
I do not always trade nzdusd pair because this is a very volatile currency pair that often change whenever i make analysis towards it the movements is not always trusted i better stick to Eurusd currency pairs because is very reliable.
Just decided to add another purchase on nzd as the pair managed to strengthen above the horizontal resistance of 8374, the pair continues to develop RSI buy signal on the daily chart, the northern end of the wave can take place about a week until the maximum of 8470 on the way to this level virtually no strong obstacles.