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NZD/CHF is in an exceedingly adrift consolidation, we are able to see that the worth is gravitating heavily to the draw back. it's repeatedly found support at the zero.6740, however when each bounce it tends to come back to the current space, making a pronounced pessimistic bias.
---------- Post added at 04:01 PM ---------- Previous post was at 03:44 PM ----------
after creating a retest this pair attempt to rise back however it still will pass the downtrend trendline. it appear there was lack of momentum to interrupt the trendline and currently it came go into reverse to form another retest. can it pass it this point let wait and see
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date : 28 november 2013
pair :nzdchf
mfi(13):37.63
mfi(15):19.93
a/d :-2090
opv :2754
volumes :3136
the pair in up trend
i see the pair go up from :0.7351
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Date: 28-11-2013
TRADING by using pivot indicator.
indicators today : sell
if price break down LEVEL :0.7300
the pair will go to :0.7265
and then go to level :0.7215
@>-@>-@>-@>-
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the pair price already touched daily resistance 1 level 0.7400
and upper trend line.
Now the price try to move down ward.
I think the price may touch daily pivot point 0.7310
so sell now from 0.7361
the pivot point will be my target
stop loss will be above the resistance 1 level 0.7400
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today i like to sell this pair @ 0.7378
my stop loss of the day @ 0.7400
half take profit for today @ 0.7355
and further half take profit @ 0.7342
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still have my buy position @ 0.7361 in profits,
to be safe set my T/P at 0.7390
Also have a pending order sell @ 0.7300
lets see what happens.
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how are you
date : 28 november 2013
chart :30 min
I expect from this analyze that the price will go to up way
today I am giving one order
buy 0.01 at 0.7358
tp : 0.7395
sl : 0.7318
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the pair trade down the down trend in 1h chart
stochastic refers to down way
so the pair will continue to down way
so sell the pair and our target will 0.7300
stop loss will 0.7365
http://www12.0zz0.com/2013/11/28/21/387358186.png
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downtrend will resume back Later it touches the trend line.....just watch for a several candlestick to enter the sell again and the projection will be below the support line within 6690 area
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analize today
price now is 0.7348
regarding to indicators
most indicators refers to up way
so buy now
tp/0.7410
sl/0.7300
http://www4.0zz0.com/2013/11/28/22/540928140.png