Gbp/Nzd

fibonacci pivot point calculation result
r3 = 1.9594
r2 = 1.9542
r1 = 1.9510
pp = 1.9458
s1 = 1.9406
s2 = 1.9374
s3 = 1.9322
pair = gbp/nzd
date = march 14.2014
time frame = daily

analysis for today 3 / 17 / 2014

GBP/NZD

Resistance : R1 1.9533 R2 1.9558 R3 1.9578 R4 1.9608
Support : S1 1.9440 S2 1.9415 S3 1.9395 S4 1.9365

Open : 1.9492
High : 1.9515
Low : 1.9458
Range : 57 Pips
Running Price : 1.9487

Strategy : SELL at the level 1.9487 stop loss at the level 1.9533 target take profit at the level 1.9395 or at the level 1.9365

If we look the current candle on H4 time frame, we can see that GBPNZD is being rejected by the support level at 1.9469. Then, if this rejection success, I think GBPNZD will rebound and has a possibility to go up and reach the resistance level at 1.9552. But if GBPNZD can break this support, this pair has a potential to fall and touch the next support level at around 1.9387.

result of calculations based on the market price at standard pivot point trading.
Pair = GBPNZD
Strength = Down
High = 1.9509
Low = 1.9410
Close = 1.9495
BUY, Entry = 1.9409
Take Profit = 1.9595
Stop Loss = 1.9310
SELL, Entry = 1.9508
Take Profit = 1.9397
Stop Loss = 1.9607
Date = March 17. 2014
Time Frame = Daily

Gbp/nzd technical analysis

date : 03.17.2014
time : 08:15 GMT
time frame : 15 min

indicator :

1) RSI (14)
value: 42.80

2) MACD (26,12,9)
value: -0.00052

3) ADX (14)
value: 34.78

4)CCI(14)
value: -131.22

overall trend - slightly bearish.

standard pivot point calculation
date = march 17.2014
pair = gbp/nzd
r3 = 1.9632
r2 = 1.9570
r1 = 1.9533
pp = 1.9471
s1 = 1.9434
s2 = 1.9372
s3 = 1.9335

analysis for today 3 / 18 / 2014

GBP/NZD

Resistance : R1 1.9467 R2 1.9492 R3 1.9512 R4 1.9542
Support : S1 1.9365 S2 1.9340 S3 1.9320 S4 1.9290

Open : 1.9416
High : 1.9440
Low : 1.9392
Range : 48 Pips
Running Price : 1.9432

Strategy : SELL at the level 1.9432 stop loss at the level 1.9467 target take profit at the level 1.9320 or at the level 1.9290

On H4 time frame, we can see that the current candle is trying to break the trend line now. Then, if GBPNZD can break this trend line, this pair may goes up to the resistance level at 1.9469 or even higher to 1.9552. This scenario will fail if GBPNZD fall and break 1.9387 support level successfully.

Yesterday the pair GBP / NZD declined and fell to the level of support in the price 1.9323 , but it broke and bounced to resistance level 1.9416 in the price and on the H1 chart Stochastic signals on growth and because I think that the pair will continue to rise and may rise to the level of resistance in the price of 1.9495.

analysis for today 3 / 19 / 2014

GBP/NZD

Resistance : R1 1.9298 R2 1.9323 R3 1.9343 R4 1.9373
Support : S1 1.9208 S2 1.9183 S3 1.9163 S4 1.9133

Open : 1.9238
High : 1.9283
Low : 1.9223
Range : 60 Pips
Running Price : 1.9278

Strategy : SELL at the level 1.9278 stop loss at the level 1.9298 target take profit at the level 1.9163 or at the level 1.9133