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When viewed from the moving average indicator NZDCAD will continue to fall, because he needs to continue its daily trend towards the 0.9309 level. With the confirmation of Stoch indicator it will most likely fall to the level of 0.9281 or could be lower than that.
http://s14.postimg.org/fkft292e9/bieela_2014_06_24.jpg
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pair- nzd/cad
chart analysis time frame- m15
http://i62.tinypic.com/zyikr5.jpg
the price is moving in the down trend channel pattern with having the resistance at 0.9345 level. this is also having short trend signal with parabolic sar. the price will break the support at 0.9325 level. short with the take profit at 0.9300 and stop loss at 0.9350
good luck
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http://prntscr.com/3vz28c
analysis for today 6 / 24 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDCAD on the date 6 / 23 / 2014
OPEN 0.9358
HIGH 0.9383
LOW 0.9337
CLOSED 0.9345
The third resistance (R3) 0.9383 -( 0.9355 - 0.9337 = 0.0018 x 2 = 0.0036 )= 0.9419
The second Resistance (R2) 0.9355 + 0.9383 - 0.9337 = 0.9401
First resistance (R1) 0.9355 x 2 = 1.8710 - 0.9337 = 0.9373
pivot points 0.9383 + 0.9337 + 0.9345 = 2.8065 / 3 = 0.9355
Support for the first (S1) 0.9355 x 2 = 1.8710 - 0.9383 = 0.9327
Support second (S2) 0.9355 -( 0.9383 - 0.9337 = 0.0046 ) = 0.9309
Third Support (S3) 0.9337 -( 0.9383 - 0.9355 = 0.0028 x 2 = 0.0056 )= 0.9281
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http://prntscr.com/3w1mxe
analysis for today 6 / 24 / 2014
NZD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.9355
Retracement (50%) 0.9360
retracement (61,8%) 0.9365
Extensions (61.8%) 0.9309
Extensions (100.0%) 0.9291
Extensions (138.2%) 0.9273
Extensions (161.8%) 0.9263
calculation based on a Fibonacci retracement then today I choose sell
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http://prntscr.com/3w9tvu
analysis for today 6 / 25 / 2014
NZD/CAD
Resistance : R1 0.9378 R2 0.9403 R3 0.9423 R4 0.9453
Support : S1 0.9252 S2 0.9227 S3 0.9207 S4 0.9177
Open : 0.9314
High : 0.9327
Low : 0.9303
Range : 0.0024 Pips
Running Price : 0.9320
Strategy : SELL at the level 0.9320 stop loss at the level 0.9378 target take profit at the level 0.9207 or at the level 0.9177
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we can see the price movements and the Descending of NZDCAD in H4 chart, so we can expect this pair will be down again for next week trading. However, if the price breakout upper barrier 0.9397 then bullish is good.
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http://prntscr.com/3y7v14
analysis for today 7 / 1 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDCAD on the date 5 / 30 / 2014
OPEN 0.9364
HIGH 0.9365
LOW 0.9320
CLOSED 0.9341
The third resistance (R3) 0.9365 -( 0.9342 - 0.9320 = 0.0022 x 2 = 0.0044 )= 0.9409
The second Resistance (R2) 0.9342 + 0.9365 - 0.9320 = 0.9387
First resistance (R1) 0.9342 x 2 = 1.8684 - 0.9320 = 0.9364
pivot points 0.9365 + 0.9320 + 0.9341 = 2.8026 / 3 = 0.9342
Support for the first (S1) 0.9342 x 2 = 1.8684 - 0.9365 = 0.9319
Support second (S2) 0.9342 -( 0.9365 - 0.9320 = 0.0045 ) = 0.9297
Third Support (S3) 0.9320 -( 0.9365 - 0.9342 = 0.0023 x 2 = 0.0046 )= 0.9274
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http://prntscr.com/3ybqyr
analysis for today 7 / 1 / 2014
NZD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 0.9348
Retracement (50%) 0.9343
retracement (61,8%) 0.9337
Extensions (61.8%) 0.9393
Extensions (100.0%) 0.9410
Extensions (138.2%) 0.9427
Extensions (161.8%) 0.9438
calculation based on a Fibonacci retracement then today I choose buy
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http://prntscr.com/3yl7oj
analysis for today 7 / 2 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDCAD on the date 7 / 1 / 2014
OPEN 0.9341
HIGH 0.9364
LOW 0.9324
CLOSED 0.9325
The third resistance (R3) 0.9364 -( 0.9338 - 0.9324 = 0.0014 x 2 = 0.0027 )= 0.9391
The second Resistance (R2) 0.9338 + 0.9364 - 0.9324 = 0.9378
First resistance (R1) 0.9338 x 2 = 1.8675 - 0.9324 = 0.9351
pivot points 0.9364 + 0.9324 + 0.9325 = 2.8013 / 3 = 0.9338
Support for the first (S1) 0.9338 x 2 = 1.8675 - 0.9364 = 0.9311
Support second (S2) 0.9338 -( 0.9364 - 0.9324 = 0.0040 ) = 0.9298
Third Support (S3) 0.9324 -( 0.9364 - 0.9338 = 0.0026 x 2 = 0.0053 )= 0.9271
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http://prntscr.com/3ynfwa
analysis for today 7 / 2 / 2014
NZD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.9339
Retracement (50%) 0.9344
retracement (61,8%) 0.9349
Extensions (61.8%) 0.9299
Extensions (100.0%) 0.9284
Extensions (138.2%) 0.9269
Extensions (161.8%) 0.9259
calculation based on a Fibonacci retracement then today I choose sell