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analysis for today 8 / 26 / 2014
NZD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 0.9177
Retracement (50%) 0.9169
retracement (61,8%) 0.9160
Extensions (61.8%) 0.9248
Extensions (100.0%) 0.9275
Extensions (138.2%) 0.9302
Extensions (161.8%) 0.9319
calculation based on a Fibonacci retracement then today I choose buy
pair- nzd/cad
chart analysis time frame- m30
http://i61.tinypic.com/11jnj8w.jpg
the price is making lower to low while the macd indicator is lower to high side. the prabolic sar is also showing down movement but this may hold at the support 0.9127 level. make short entry with break stop loss at the 0.9160 and profit target at 0.9100
good luck
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analysis for today 8 / 27 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDCAD on the date 8 / 26 / 2014
OPEN 0.9160
HIGH 0.9165
LOW 0.9110
CLOSED 0.9121
The third resistance (R3) 0.9165 -( 0.9132 - 0.9110 = 0.0022 x 2 = 0.0044 )= 0.9209
The second Resistance (R2) 0.9132 + 0.9165 - 0.9110 = 0.9187
First resistance (R1) 0.9132 x 2 = 1.8264 - 0.9110 = 0.9154
pivot points 0.9165 + 0.9110 + 0.9121 = 2.7396 / 3 = 0.9132
Support for the first (S1) 0.9132 x 2 = 1.8264 - 0.9165 = 0.9099
Support second (S2) 0.9132 -( 0.9165 - 0.9110 = 0.0055 ) = 0.9077
Third Support (S3) 0.9110 -( 0.9165 - 0.9132 = 0.0033 x 2 = 0.0066 )= 0.9044
Trading analysis for 27th August, 2014. In Daily chart NZDCAD shows bearishish trend. At present NZDCAD below from the pivot point and try to break 1st support level. If it breaks 1st support level then it goes to the next strong support level i.e., 0.90089.
Pivot: 0.91320
Resistance levels
R1 0.91544
R2 0.91880
R3 0.92104
R4 0.92329
Support levels
S1 0.90984
S2 0.90760
S3 0.90424
S4 0.90089
Attachment 11219
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analysis for today 8 / 27 / 2014
NZD/CAD
Resistance : R1 0.9184 R2 0.9209 R3 0.9229 R4 0.9259
Support : S1 0.9062 S2 0.9037 S3 0.9017 S4 0.8987
Open : 0.9122
High : 0.9137
Low : 0.9109
Range : 28 Pips
Running Price : 0.9126
Strategy : SELL at the level 0.9126 stop loss at the level 0.9184 target take profit at the level 0.9017 or at the level 0.8987
http://prntscr.com/4eynhl
analysis for today 8 / 27 / 2014
NZD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 0.9144
Retracement (50%) 0.9138
retracement (61,8%) 0.9131
Extensions (61.8%) 0.9199
Extensions (100.0%) 0.9220
Extensions (138.2%) 0.9241
Extensions (161.8%) 0.9254
calculation based on a Fibonacci retracement then today I choose buy
pair- nzd/cad
chart analysis time frame- m30
http://i59.tinypic.com/2wqsbvr.jpg
the price is moving along the resistance trend line and up movement is rejecting from pivot point at 0.9132 level. this is also breaking the support at 0.9105 level so its continue down movement can expected. short with the take profit at 0.8970 and stop loss at the 0.9140
good luck
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analysis for today 8 / 28 / 2014
NZD/CAD
Resistance : R1 0.9157 R2 0.9182 R3 0.9202 R4 0.9232
Support : S1 0.9036 S2 0.9011 S3 0.8991 S4 0.8961
Open : 0.9094
High : 0.9111
Low : 0.9082
Range : 29 Pips
Running Price : 0.9096
Strategy : SELL at the level 0.9096 stop loss at the level 0.9157 target take profit at the level 0.8991 or at the level 0.8961
http://prntscr.com/4h98t4
analysis for today 8 / 28 / 2014
NZD/CAD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 0.9112
Retracement (50%) 0.9104
retracement (61,8%) 0.9095
Extensions (61.8%) 0.9187
Extensions (100.0%) 0.9216
Extensions (138.2%) 0.9245
Extensions (161.8%) 0.9262
calculation based on a Fibonacci retracement then today I choose buy
Trading analysis for 28th August, 2014. In Daily chart NZDCAD shows bearish trend. At present NZDCAD little bit down from the pivot point. NZDCAD try to go downside to the 1st support level. If it breaks 1st support level i.e. 0.90602 then next strong support level is 0.89449.
Pivot: 0.91007
Resistance levels
R1 0.91351
R2 0.91756
R3 0.92100
R4 0.92445
Support levels
S1 0.90602
S2 0.90258
S3 0.89853
S4 0.89449
Attachment 11248