for NZDUSD currency pair I think would tend to mimic the movement of the AUDUSD fell strongly as it did the day before, NZDUSD still able to go up to 0.8414 or 0.8444 area so I recommend to put a sell order on NZDUSD currency pair
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for NZDUSD currency pair I think would tend to mimic the movement of the AUDUSD fell strongly as it did the day before, NZDUSD still able to go up to 0.8414 or 0.8444 area so I recommend to put a sell order on NZDUSD currency pair
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:0.8419
SL:0.8520
see movement in the NZDUSD pair if the H4 timeframe candlestick closing will remain like this then it has formed a bullish engulfing pattern is supported by the 38.2% Fibonacci point. the reversal is expected to rise up to the point the previous Fibonacci (23.6%). but when the closing candlestick bearish then this signal is no longer valid.
https://lh3.googleusercontent.com/-v...5BUNSET%5D.png
While the breakthrough horizontal support 8478 was false (the bears do not have the strength to be strengthened below this mark) on the hourly chart of Education held divergence MACD, a buy signal has to be a breakthrough 8500 figures which should open area 8550-8580.
time frame- H1
the ris 21 is moving up side with touching the over sold level 30 and the price is also having the support at the 0.8450. the macd is making higher to low. we can long this pair with the target at 0.8540 and stop loss at the 0.8410
good luck
Nzd/usd pivot levels by using fibonacci pivot indicator.
r3:0.8624
r2:0.8585
r1:0.8561
pivot :0.8521
s1:0.8482
s2:0.8458
s3:0.8418
NZDUSD,H1
Date 2013.05.03
Time 04:00
Open 0.8519
High 0.8522
Low 0.8517
Close 0.8519
Volume 21
SMA(5) 0.8506
SMA(10) 0.8501
SMA(20) 0.8489
SMA(50) 0.8512
SMA(100) 0.8530
SAR 0.8472
Indicator window 1
Stoch(5,3,3) 81.5534
Signal 72.8240
Indicator window 2
RSI(14) 61.9409
Indicator window 3
MACD(12,26,9) 0.00015
Signal -0.00038
Indicator window 4
%R(14) -8.4507
based on combination of indicators above,
trend : BEARISH
strong uptrend mode is starting from level 0.8527 after oscillator from Accumulated Oscilator (AO), Relative Vigor Index (RVI) and Gator Oscilators above the zero line or positive value as very strong uptrend movement indication then fast stochastic line is still not crossing slow stochastic line although near sell border level 80 as bullish is still being continued
Pair : NZDUSD
Updated : Fri, May 03 12:36
price : 0.8519
movement : 26.3 Pips
movement : 0.31%
Support : 0.8430
Pivot : 0.8486
Resistance : 0.8542
:peace:
Nzd/usd pivot levels by using fibonacci pivot indicator.
r3: 0.8545
r2: 0.8523
r1: 0.8510
pivot : 0.8488
s1: 0.8466
s2: 0.8453
s3: 0.8431
Spoiler: