Nzd/Usd

Nzd/usd analysis for 04.26.2013 by using pivot indicator.

r3: 0.8645
r2: 0.8603
r1: 0.8551

pivot: 0.8509

s1: 0.8457
s2: 0.8415
s3: 0.8363

Analysis Nzd/Usd using pivot indicator
Resistance 3: 0.8671
Resistance 2: 0.8616
Resistance 1: 0.8557
Pivot: 0.8502
Support 1: 0.8442
Support 2: 0.8388
Support 3: 0.8329

"26/04/2013"

i like to sell this pair @ 0.8520
my stop loss of the day @ 0.8533
half take profit @ 0.8500
and half @ 0.8477

As you can see in the chart that the pair is moving below the pivot point now.
My preference will be to sell at this stage with take profit just above the Support 1 at 0.8460 and stop loss just above the resistance 1 at 0.8555

http://charts.mql5.com/1/421/nzdusd-...orex-group.png

a good signal to follow is the NZDUSD currency pair, as prices are still in the pivot, so the possibility of sell and buy in profit between we can get it, for you can put a sell stop at 0.8489 and a buy stop price at 0.8528 price, but I personally advise you to follow sell signal

Pivot levels today:
R3: 0.8656
R2: 0.8609
R1: 0.8562
PP: 0.8515
S1: 0.8468
S2: 0.8420
S3: 0.8373
Comment: Price now is below the daily pivot level, also it breaks the downword trend @ 1 H time frame, so more fall is expected.
Forecast: Price may fall to 0.8458.

Who can start working out a bearish divergence MASD, pair already formed a converging triangle sell signal should be break of the lower boundary of the triangle -8500 and figures that will open 8450 (200 MA) and 8420 (horizontal support) + trend on dollar growth.

http://charts.mql5.com/1/421/nzdusd-...ex-group-2.png


we can see in the 1h chart

the pair can not close up the broken down trend line

I see the pair will go to down way to 0.8405

rsi refers that the pair will go down

so our target sell from 0.8505 and our target will 100pips

Good luck
:good::peace::doubt:

Nzd/Usd Calculation results Pivot Today, 04/26/2013

Resistance 2 = 0.8595
Resistance 1 = 0.8534
Pivot Point = 0.8501
Support 1 = 0.8440
Support 2 = 0.8407

Buy = 0.8423
Take Profit = 0.8564
Stop loss = 0.8374

Sell = 0.8564
Take Profit = 0.8423
Stop loss = 0.8656

This analysis is positioned as an information, not contained or solicitation is open to any position of financial instruments. All decisions taken by the trader is a trader full responsibility.
:)

For as long as I have a couple more looks all the same to the north, in the first course above the moving steadily strengthened alligator, also now evident formed a strong support level below which a pair of 8500 is not allowed, Stochastic has formed a buy signal, stop below the lower fractal 8490, profit for 8560 .