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The following data is predicted based on indicators that we use for the currency pair NZDUSD today, for today's resistance levels as follows: RI (0.7952) R II (0.7981) R III (0.8040). and to this day support levels as follows: SI (0.7820) S II (0.7777) S IIII (0.7739)
recommendation:
place your sell stop at 0.7859 target profit at 0.7839. (Seller zones)
place your buy stop at 0.7899 profit target at 0.7919 (buyer zone)
NZD/USD pair price already touched upper trend line. Now the pair try to move down ward. I think the price may touch daily pivot point (0.78825).
http://i1311.photobucket.com/albums/...psaac16de8.jpg
nzd/usdtechnical analysis by using : average directional movement
index wilder(14) & average directional movement index(14)
on 07.08.13
timeframe : 1 hour
time : 1300
market trand : uptrand
adx wilder(14) level
style : 27.22
+di : 19.21
-di : 13.05
adx(14) level
adx : 19.86
+di : 15.35
-di : 10.74
a sell stop waiting to be trigerred on NZDUSD. confluence of dojis, and shooting stars on an important level.
https://fbcdn-sphotos-d-a.akamaihd.n...72253120_o.jpg
elliott crucial reversal point 0.7945 currently up trend should end around 0.7934 - 0.7938 area acorrection down to below 0.7841 is expected a rise above 0.7977 will abort the expected correction
support and resistances
res2 0.7977
res1 0.7938
piovt 0.7879
sup1 0.7841
sup2 0.7782
The pair is the third time came to horizontal resistance 7916, it seems the bulls will not rest not breaking 7916, the couple is in the process of forming the northern mid-wave and strengthen above 7916 can open the 8000 strong psychological level as the primary goal, with the strengthening and will be opening purchase.
today i like to sell this pair @ 0.7970
my stop loss of the day @ 0.8011
half take profit for today @ 0.7940
and further half take profit @ 0.7907
My daily trading,I hope the day is a success ...
NZD/USD (Daily Trade)
Open : 0.7899
Resistance : 0.7983 0.8003 0.8033
Support : 0.7897 0.7877 0.7847
High / Low : 0.7997/ 0.7883
Range : 114 pips
Running Price : 0.7976
for intraday trade today suggest BUY at the level 0.7976, stop loss at the level 0.7897, target take profit at the level 0.8003 or TP 0.8033
===GOOD LUCK===
time frame- m30
the price is overbought with the rsi indicator and now it is try to move down side. its break the daily resistance at 0.7974 but rejected from the 0.7998. the price will move down side we can short this pair with the take profit at 0.7930 and stop loss at the 0.8013
good luck
After breaking zone 3 upper fractals (elevation 7915), the pair showed a strong northerly growth, today also held touch and 8000 figures (upper fractal), the pair is still developing the northern mid-wave, so only consider buying-either by re-testing 7920 or after breakthrough 8000.