Nzd/Jpy

Nzd/jpy analysis for 08.08.2013 by using pivot indicator.

r3: 78.246
r2: 77.778
r1: 77.258

pivot: 76.790

s1: 76.270
s2: 75.802
s3: 75.282

nzd/jpy technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 08.08.13


timeframe : 1 hour
time : 1600
market trand : ranging

adx wilder(14) level

style : 10.55
+di : 16.52
-di : 14.38

adx(14) level

adx : 21.22
+di : 13.43
-di : 8.66

today i like to buy this pair @ 77.00
my stop loss of the day @ 76.65
half take profit for today @ 77.24
and further half take profit @ 77.40

NZD/JPY analysis by using pivot indicator. (H4)

R3 77.786
R2 77.410
R1 77.178

pivot 76.801


S1 76.425
S2 76.193
S3 75.816

elliott crucial reversal point 75.68 market should not go lower than 76.38 after this move down it should go up to 78.43 - 78.84 area
support and resistances
res2 80.24
res1 78.84
piovt 78.02
sup1 76.62
sup2 75.81

nzd/jpy technical analysis by using : average directional movement

index wilder(14) & average directional movement index(14)

on 09.08.13


timeframe : 1 hour
time : 1100
market trand : up

adx wilder(14) level

style : 23.15
+di : 26.21
-di : 14.20

adx(14) level

adx : 31.51
+di : 24.80
-di : 11.25

NZD/JPY analysis by using pivot indicator. (H4)

R3 78.181
R2 77.786
R1 77.541

pivot 77.146


S1 76.751
S2 76.506
S3 76.111

time frame- M30
the price has a strong support and moving along the supporting trend line and in up channel pattern. but now the price at the 77.46 level is try to reject up movement. the macd indicator is also try to move down side. we can short this pair with the take profit at 76.80
good luck

today i like to sell this pair @ 77.50
my stop loss of the day @ 77.85
half take profit for today @ 77.28
and further half take profit @ 77.12

elliott irregular flat correction up 78.01 it should trade higher to 77.83 while 77.19 or 79.99 offers support stop loss below 76.80 aone
support and resistances
res2 78.22
res1 77.83
piovt 77.19
sup1 76.80
sup2 76.16