Gbp/Nzd

analysis for today 5 / 21 / 2014

GBP/NZD

Resistance : R1 1.9710 R2 1.9735 R3 1.9755 R4 1.9785
Support : S1 1.9614 S2 1.9589 S3 1.9569 S4 1.9539

Open : 1.9635
High : 1.9689
Low : 1.9635
Range : 54 Pips
Running Price : 1.9647

Strategy : SELL at the level 1.9647 stop loss at the level 1.9710 target take profit at the level 1.9569 or at the level 1.9539

analysis for today 5 / 21 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 5 / 20 / 2014
OPEN 1.9480
HIGH 1.9668
LOW 1.9468
CLOSED 1.9434

The third resistance (R3) 1.9668 -( 1.9523 - 1.9468 = 0.0055 x 2 = 0.0111 )= 1.9779
The second Resistance (R2) 1.9523 + 1.9668 - 1.9468 = 1.9723
First resistance (R1) 1.9523 x 2 = 3.9047 - 1.9468 = 1.9579
pivot points 1.9668 + 1.9468 + 1.9434 = 5.8570 / 3 = 1.9523
Support for the first (S1) 1.9523 x 2 = 3.9047 - 1.9668 = 1.9379
Support second (S2) 1.9523 -( 1.9668 - 1.9468 = 0.0200 ) = 1.9323
Third Support (S3) 1.9468 -( 1.9668 - 1.9523 = 0.0145 x 2 = 0.0289 )= 1.9179

analysis for today 5 / 21 / 2014
GBP/NZD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.9592
Retracement (50%) 1.9568
retracement (61,8%) 1.9544

Extensions (61.8%) 1.9792
Extensions (100.0%) 1.9868
Extensions (138.2%) 1.9944
Extensions (161.8%) 1.9992
calculation based on a Fibonacci retracement then today I choose buy

be aware with correction to down, as long as buyer at GBPNZD can not up more above MA 100 (near price 1.9657).

analysis for today 5 / 22 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 5 / 21 / 2014
OPEN 1.9635
HIGH 1.9760
LOW 1.9632
CLOSED 1.9699

The third resistance (R3) 1.9760 -( 1.9697 - 1.9632 = 0.0065 x 2 = 0.0130 )= 1.9890
The second Resistance (R2) 1.9697 + 1.9760 - 1.9632 = 1.9825
First resistance (R1) 1.9697 x 2 = 3.9394 - 1.9632 = 1.9762
pivot points 1.9760 + 1.9632 + 1.9699 = 5.9091 / 3 = 1.9697
Support for the first (S1) 1.9697 x 2 = 3.9394 - 1.9760 = 1.9634
Support second (S2) 1.9697 -( 1.9760 - 1.9632 = 0.0128 ) = 1.9569
Third Support (S3) 1.9632 -( 1.9760 - 1.9697 = 0.0063 x 2 = 0.0126 )= 1.9506

analysis for today 5 / 22 / 2014
GBP/NZD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.9711
Retracement (50%) 1.9696
retracement (61,8%) 1.9681

Extensions (61.8%) 1.9839
Extensions (100.0%) 1.9888
Extensions (138.2%) 1.9937
Extensions (161.8%) 1.9967
calculation based on a Fibonacci retracement then today I choose buy

analysis for today 5 / 22 / 2014
GBP/NZD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.9711
Retracement (50%) 1.9696
retracement (61,8%) 1.9681

Extensions (61.8%) 1.9839
Extensions (100.0%) 1.9888
Extensions (138.2%) 1.9937
Extensions (161.8%) 1.9967

analysis for today 5 / 23 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 5 / 22 / 2014
OPEN 1.9700
HIGH 1.9742
LOW 1.9652
CLOSED 1.9691

The third resistance (R3) 1.9742 -( 1.9695 - 1.9652 = 0.0043 x 2 = 0.0086 )= 1.9828
The second Resistance (R2) 1.9695 + 1.9742 - 1.9652 = 1.9785
First resistance (R1) 1.9695 x 2 = 3.9390 - 1.9652 = 1.9738
pivot points 1.9742 + 1.9652 + 1.9691 = 5.9085 / 3 = 1.9695
Support for the first (S1) 1.9695 x 2 = 3.9390 - 1.9742 = 1.9648
Support second (S2) 1.9695 -( 1.9742 - 1.9652 = 0.0090 ) = 1.9605
Third Support (S3) 1.9652 -( 1.9742 - 1.9695 = 0.0047 x 2 = 0.0094 )= 1.9558

---------- Post added at 01:26 PM ---------- Previous post was at 01:26 PM ----------

analysis for today 5 / 23 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 5 / 22 / 2014
OPEN 1.9700
HIGH 1.9742
LOW 1.9652
CLOSED 1.9691

The third resistance (R3) 1.9742 -( 1.9695 - 1.9652 = 0.0043 x 2 = 0.0086 )= 1.9828
The second Resistance (R2) 1.9695 + 1.9742 - 1.9652 = 1.9785
First resistance (R1) 1.9695 x 2 = 3.9390 - 1.9652 = 1.9738
pivot points 1.9742 + 1.9652 + 1.9691 = 5.9085 / 3 = 1.9695
Support for the first (S1) 1.9695 x 2 = 3.9390 - 1.9742 = 1.9648
Support second (S2) 1.9695 -( 1.9742 - 1.9652 = 0.0090 ) = 1.9605
Third Support (S3) 1.9652 -( 1.9742 - 1.9695 = 0.0047 x 2 = 0.0094 )= 1.9558

analysis for today 5 / 23 / 2014
GBP/NZD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.9708
Retracement (50%) 1.9697
retracement (61,8%) 1.9686

Extensions (61.8%) 1.9798
Extensions (100.0%) 1.9832
Extensions (138.2%) 1.9866
Extensions (161.8%) 1.9888
calculation based on a Fibonacci retracement then today I choose buy

analysis for today 5 / 26 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 5 / 23 / 2014
OPEN 1.9690
HIGH 1.9731
LOW 1.9658
CLOSED 1.9683

The third resistance (R3) 1.9731 -( 1.9691 - 1.9658 = 0.0033 x 2 = 0.0065 )= 1.9796
The second Resistance (R2) 1.9691 + 1.9731 - 1.9658 = 1.9764
First resistance (R1) 1.9691 x 2 = 3.9381 - 1.9658 = 1.9723
pivot points 1.9731 + 1.9658 + 1.9683 = 5.9072 / 3 = 1.9691
Support for the first (S1) 1.9691 x 2 = 3.9381 - 1.9731 = 1.9650
Support second (S2) 1.9691 -( 1.9731 - 1.9658 = 0.0073 ) = 1.9618
Third Support (S3) 1.9658 -( 1.9731 - 1.9691 = 0.0040 x 2 = 0.0081 )= 1.9577