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The pair went to the upper zone of strong fractals 8110, the course has completely stopped, and even formed a top 2 fractal, moreover Stochastic has formed a clear signal to sell, given the strong growth of the northern most likely from 8110 will at least start the corrective decline in the southern area of 8020 - 8000.
http://charts.mql5.com/2/128/nzdusd-...orex-group.png
we can see in the 1d chart
the pair can not close down the broken up trend line
I see the pair will go to up way to 0.8268
macd refers that the pair will go up
so our target buy from 0.8068 and our target will 200pips
Good luck
NZD/USD intraday: UPSIDE trend bias higher than 0.8.
Pivot@ 0.8
My choice: Open BUY trade over 0.8 with targets at 0.81 and 0.8145 in extension.
Alternate choice conditions: Underneath 0.8 check for further down-side with 0.795 and 0.79 as targets.
http://dl.dropbox.com/u/51561036/scr...726-232547.jpg
we can see in the 4h chart
the pair trading down the 23.6
I see the pair will go to down way to 0.7998
rsi refers that the pair will go down
so our target sell from 0.8082 and our target will 85pips
Good luck
http://charts.mql5.com/2/129/nzdusd-...orex-group.png
http://charts.mql5.com/2/129/nzdusd-...orex-group.png
we can see in the 4h chart
the pair can not close down the broken up trend line
I see the pair will go to up way to 0.8181
rsi refers that the pair will go up
so our target buy from 0.8081 and our target will 100pips
Good luck
nzd/usdlast day market analysis by using : average directional movement index wilder(14) & average directional movement index(14)
adx wilder(14) level
style : 32.96
+di : 22.95
-di : 11.86
adx(14) levels
adx : 22.06
+di : 18.49
-di : 11.61
time : 2300
date : 26.07.2013
timeframe : 1 hour
yesterDAY'S TECHNICAL LEVELS: Resistance 3: 0.8125. Resistance 2: 0.8110. Resistance 1: 0.8097. Support 1: 0.8075. Support 2: 0.8050. Support 3: 0.8030.
Nzd/usd trend analysis by using different indicator
indicator :
1) RSI (14)
value: 52.10
2) MACD (26,12,9)
value: -0.0001
3) ADX (14)
value: 19.52
4)CCI(14)
value: 27.16
overall trend - strongly bullish.
elliott impulse wave up 0.8136 one move lower to 0.8060 or 0.8032 is anticpated while below 0.8110 area stop loss above 0,8132 zone
support and resistances
res2 0.8132
res1 0.8110
piovt 0.8082
sup1 0.8060
sup2 0.8032