Nzd/Cad

http://prntscr.com/3yv95z
analysis for today 7 / 3 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDCAD on the date 7 / 2 / 2014
OPEN 0.9325
HIGH 0.9355
LOW 0.9305
CLOSED 0.9352

The third resistance (R3) 0.9355 -( 0.9337 - 0.9305 = 0.0032 x 2 = 0.0065 )= 0.9420
The second Resistance (R2) 0.9337 + 0.9355 - 0.9305 = 0.9387
First resistance (R1) 0.9337 x 2 = 1.8675 - 0.9305 = 0.9370
pivot points 0.9355 + 0.9305 + 0.9352 = 2.8012 / 3 = 0.9337
Support for the first (S1) 0.9337 x 2 = 1.8675 - 0.9355 = 0.9320
Support second (S2) 0.9337 -( 0.9355 - 0.9305 = 0.0050 ) = 0.9287
Third Support (S3) 0.9305 -( 0.9355 - 0.9337 = 0.0018 x 2 = 0.0035 )= 0.9270

analysis for today 7 / 3 / 2014
NZD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.9324
Retracement (50%) 0.9330
retracement (61,8%) 0.9336

Extensions (61.8%) 0.9274
Extensions (100.0%) 0.9255
Extensions (138.2%) 0.9236
Extensions (161.8%) 0.9224
calculation based on a Fibonacci retracement then today I choose sell

http://prntscr.com/3z7jp1
analysis for today 7 / 4 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDCAD on the date 7 / 3 / 2014
OPEN 0.9352
HIGH 0.9361
LOW 0.9296
CLOSED 0.9304

The third resistance (R3) 0.9361 -( 0.9320 - 0.9296 = 0.0024 x 2 = 0.0049 )= 0.9410
The second Resistance (R2) 0.9320 + 0.9361 - 0.9296 = 0.9385
First resistance (R1) 0.9320 x 2 = 1.8641 - 0.9296 = 0.9345
pivot points 0.9361 + 0.9296 + 0.9304 = 2.7961 / 3 = 0.9320
Support for the first (S1) 0.9320 x 2 = 1.8641 - 0.9361 = 0.9280
Support second (S2) 0.9320 -( 0.9361 - 0.9296 = 0.0065 ) = 0.9255
Third Support (S3) 0.9296 -( 0.9361 - 0.9320 = 0.0041 x 2 = 0.0081 )= 0.9215

http://prntscr.com/3zcjdh
analysis for today 7 / 4 / 2014
NZD/CAD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.9321
Retracement (50%) 0.9329
retracement (61,8%) 0.9336

Extensions (61.8%) 0.9256
Extensions (100.0%) 0.9231
Extensions (138.2%) 0.9206
Extensions (161.8%) 0.9191
calculation based on a Fibonacci retracement then today I choose sell

http://prntscr.com/404xds
analysis for today 7 / 7 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDCAD on the date 7 / 4 / 2014
OPEN 0.9304
HIGH 0.9313
LOW 0.9282
CLOSED 0.9309

The third resistance (R3) 0.9313 -( 0.9301 - 0.9282 = 0.0019 x 2 = 0.0039 )= 0.9352
The second Resistance (R2) 0.9301 + 0.9313 - 0.9282 = 0.9332
First resistance (R1) 0.9301 x 2 = 1.8603 - 0.9282 = 0.9321
pivot points 0.9313 + 0.9282 + 0.9309 = 2.7904 / 3 = 0.9301
Support for the first (S1) 0.9301 x 2 = 1.8603 - 0.9313 = 0.9290
Support second (S2) 0.9301 -( 0.9313 - 0.9282 = 0.0031 ) = 0.9270
Third Support (S3) 0.9282 -( 0.9313 - 0.9301 = 0.0012 x 2 = 0.0023 )= 0.9259

http://prntscr.com/40a6e0
analysis for today 7 / 7 / 2014
NZD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 0.9301
Retracement (50%) 0.9298
retracement (61,8%) 0.9294

Extensions (61.8%) 0.9332
Extensions (100.0%) 0.9344
Extensions (138.2%) 0.9356
Extensions (161.8%) 0.9363
calculation based on a Fibonacci retracement then today I choose buy

07/07/2014 forecast:
I think that the price will continue his rise to the resistance at 0.9361 and close below it without breaking it. In that time we should sell with take profit at 0.9282.
http://i.imgur.com/zr3Aefb.png

A down channel is now drawn on the NZDCAD and the price is suggested to keep going downward on the short term .
Also you can see the price hits the up edge of donchain channel which may be a signal for heading south .
If you checked Awesome oscillator it shows a red bar above the level of 0 to indicate a sell signal at the current time .
Also the stostatic is showing a bearish singal by having a sell cross and the lines near the level of 80 .
I gess according to this data selling can be a winning bet and you can target the low level of donchain channel but waiting a confirmation from the awesome oscillator can increase the chance for winning sell trades .
[img]https://charts.mql5.com/5/156/nzdcad-h1-*********-lp.png[/img]

http://prntscr.com/40hnkp
analysis for today 7 / 8 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDCAD on the date 7 / 7 / 2014
OPEN 0.9311
HIGH 0.9356
LOW 0.9286
CLOSED 0.9353

The third resistance (R3) 0.9356 -( 0.9332 - 0.9286 = 0.0046 x 2 = 0.0091 )= 0.9447
The second Resistance (R2) 0.9332 + 0.9356 - 0.9286 = 0.9402
First resistance (R1) 0.9332 x 2 = 1.8663 - 0.9286 = 0.9377
pivot points 0.9356 + 0.9286 + 0.9353 = 2.7995 / 3 = 0.9332
Support for the first (S1) 0.9332 x 2 = 1.8663 - 0.9356 = 0.9307
Support second (S2) 0.9332 -( 0.9356 - 0.9286 = 0.0070 ) = 0.9262
Third Support (S3) 0.9286 -( 0.9356 - 0.9332 = 0.0024 x 2 = 0.0049 )= 0.9237

http://prntscr.com/40nfli
analysis for today 7 / 8 / 2014
NZD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 0.9329
Retracement (50%) 0.9321
retracement (61,8%) 0.9313

Extensions (61.8%) 0.9399
Extensions (100.0%) 0.9426
Extensions (138.2%) 0.9453
Extensions (161.8%) 0.9469
calculation based on a Fibonacci retracement then today I choose buy