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On 4 chasovm chart shows a side channel 8100 - 7697 in which the pair is now trading also noticeable formation of the South wave (wave rebound from 8100), a few hours ago, a couple still managed to overcome the middle of the channel (zone 2 and lower fractals 7915), there are now more likely to approach 7697.
today i like to sell this pair @ 0.7933
my stop loss of the day @ 0.7956
half take profit for today @ 0.7900
and further half take profit @ 0.7873
elliott flat correction down 0.7935 it should test 0.8006 area after which a sell off down to 0.7939 or extended to 0.7894 area is expected
support and resistances
res2 0.8061
res1 0.8023
piovt 0.7977
sup1 0.7939
sup2 0.7894
NZDUSD movement being consolidated monthly benchmark after trending up. and the price looks just penetrate monthly MA (480). means sellers dominate the market monthly. likely destination is the lower monthly BB (480). reference in the condition trending down weekly, and weekly MA (120) has just entered the area of the monthly normal. daily movement had entered normal area daily, but daily MA conditions under (-1) SD BB weekly (120). daily movement will likely continue trending down. looking for the best short positions when prices can not penetrate SD 1 or SD 2 BB Daily (24). good luck
The pair intraday analysis at H1 using williams percentage range and moving average are showing the pair may continue the bearish trend today. Try to find good resistance and set Short order on it. Today SNR :
R3 : 0.8107
R2 : 0.8048
R1 : 0.7973
Pivot : 0.7911
S1 : 0.7833
S2 : 0.7773
S3 : 0.7697
NZD/USD analysis by using pivot indicator. (H4)
R3 0.80439
R2 0.79923
R1 0.79604
pivot 0.79088
S1 0.78572
S2 0.78253
S3 0.77737
The following data is predicted based on indicators that we use for NZDUSD currency pair today, for today's resistance levels as follows: RI (0.7995) R II (0.8050) R III (0.8108). and to this day support levels as follows: SI (0.7809) S II (0.7768) S IIII (0.7690)
recommendation:
place your buy stop at 0.7929 profit target at 0.7949 (buyer zone)
place your sell stop at 0.7889 profit target at 0.7869 (seller zones)
nzd/usd technical analysis by using : average directional movement index wilder(14) & stochastic(5,3,3)
adx wilder(14) level
style : 39.32
+di : 12.67
-di : 28.26
stochastic(5,3,3)
main : 39.24
signal : 48.50
time : 0900
date : 02.08.2013
timeframe : 1 hour
I believe that the kiwi continues to shape the downward momentum. Now is formed (or have already completed their formation in wave iv-(iii)-wave. In this case, we can assume that the length of v-waves will be not less than the length of i-waves. If so, you can count on the fact that the price will reach at the level of at least 0.7813.
Having broken all previous figures estimated by me, kiwi painted elementary expanding triangle.* But all the goals remain the same: in the range 0,80-0,8050 up, then down into the range 0,77-0,7570.* Nonquit-not Nonquit and kiwis and kangaroos to go nowhere else, how to update the Loya. By the way, Wolf at D1 kiwi is still in force.
Spoiler: