Nzd/Jpy

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analysis for today 7 / 7 / 2014
NZD/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 89.18
Retracement (50%) 89.23
retracement (61,8%) 89.27

Extensions (61.8%) 88.77
Extensions (100.0%) 88.61
Extensions (138.2%) 88.45
Extensions (161.8%) 88.36
calculation based on a Fibonacci retracement then today I choose sell

As you can see on the NZDJPY chart in front of you the price direction is bearish and that is because of the down channel taking place .
According to the Donchin channel on the chart the bottom side of the channel was the last level to be hit by a candle which means that if a trade is to opened now a buy order would be recommended and the high side would be considered as a take profit .
As for the Awesome oscillator's signs it appears that the trend is going to be bearish one and that is because the Awesome oscillator is giving a red sign above the 0 level .
Also the stostatic is makes a sell cross near the 20 th level which means a bearish trend will be taking place .
As a conclusion I recommend a buy order as soon as you get a confirmation from the stostatic and the awesome oscillator targeting the high level of the Donchin cannel .
[img]https://charts.mql5.com/5/156/nzdjpy-h1-*********-lp.png[/img]

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analysis for today 7 / 8 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDJPY on the date 7 / 7 / 2014
OPEN 89.24
HIGH 89.26
LOW 88.98
CLOSED 89.17

The third resistance (R3) 89.26 - ( 89.14 - 88.98 = 0.16 x 2 = 0.31 )= 89.57
The second Resistance (R2) 89.14 + 89.26 - 88.98 = 89.42
First resistance (R1) 89.14 x 2 = 178.27 - 88.98 = 89.29
pivot points 89.26 + 88.98 + 89.17 = 267.41 / 3 = 89.14
Support for the first (S1) 89.14 x 2 = 178.27 - 89.26 = 89.01
Support second (S2) 89.14 - ( 89.26 - 88.98 = 0.28 ) = 88.86
Third Support (S3) 88.98 - ( 89.26 - 89.14 = 0.12 x 2 = 0.25 )= 88.73

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analysis for today 7 / 8 / 2014
NZD/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 89.09
Retracement (50%) 89.12
retracement (61,8%) 89.15

Extensions (61.8%) 88.81
Extensions (100.0%) 88.70
Extensions (138.2%) 88.59
Extensions (161.8%) 88.53
calculation based on a Fibonacci retracement then today I choose sell

My forecasting for today on the NZDJPY shows that the price is currently moving upwards through the up channel as you can see .
Awesome oscillator is a good indicator to avoid side trend market and it is currently showing a sell signal by getting a red bars located below the 0 th level to indicate a bearish trend .
Now when you take a close look to the chart you can see that the price hit the high edge of donchin channel which can be a good bearish signal till the price be able to hit the low edge of it .
Finally another sell condition is shown by getting down cross at the stostatic indicator and the two lines is almost at level of 20 .
To finish the forecasting I gess that you can consider a bearish trend on the short term and then sell orders can take place as soon as you can see clear signals on both awesome oscillator and stostatic .
http://img853.imageshack.us/img853/1095/p7dh.png

A bullish trend is now active on the NZDJPY accordong to the down arrow as you can see on the other hand the Henkin Ashi shows a blue candle which may be considered as a bullish signal .
For more confirmation I used two indicators Snake and T3-Clean which they make a sell intersection between each other to confirm a bearish direction on the short term .
Also by taking a look on the trend session indicator you can see the red bars which indicated a propably of bearish trend for the current time .
For my own I am planning to sell the pair targeting the area of 88.76 which I indicate a strong support at this level .
http://img855.imageshack.us/img855/2843/mn7j.png

On the NZDJPY pair we can see a bullish cross and it is active between the two EMA between 9 and 152 and that is an indication that the price may go north in the next few hours .
The histogram indicator shows a red line and it is a signal that it is forming a bearish singal by being below the 0 level of histogram .
By checking the Market motion there is another red line and it is a sign for the price to start fall .
And the slope is moving below the level of 0 at the Guru angel indicator and there is a red color which indicate a bearish direction for now .
The price may go north to test the resistance at the point of 89.83 during the next hours that is why I recommend a buy positions if the indicator keep showing the same signals .
http://img855.imageshack.us/img855/9003/strv.png

According to the NZDJPY chart movement a bearish trend can be recognized by getting the yellow color of golden tendency string indicator, also another sign for upward is appears on the golden finger indicator which shows a blue dot at the bottom of the chart to indicate a better chance for going south
And for more strength to the signal there are a blue candle for the golden super K indicator in the current time.
Now you can indicate a good bullish trend signal on MACD as you can find a buy cross over the level of 0 by now.
Also when you try to find the best support level that the price may face first then I think that the price 88.88 is a good area to consider it as strong support and then it’s a good place to use the take profit at.
Finally a look on the golden variety indicator will let you indicate that the indicator have a 3down signals of a total of four to be a bearish signal to increase the chance of getting a strong downward trend.
http://img840.imageshack.us/img840/1920/8b3.png

I think it is better to wait to break the triangle. we should put buy stop in 89.70 and sell stop at 89. But still the possibility of breaking down larger.
http://i.imgur.com/YURe3tt.png

The last day a TOP is created by the zigzag indicator on NZDJPY pair it was at price 89.61 .
By the way when see the boolinger bands you can see the price located at the HIGHER level of it .
The 70 th level is now touched by the RSI line at value of 65 .
Also 41 is the current value of stostatic which it is line is near level 80 .
For my own idea about today I think remaining below 89.61 is a good selling area till new conditions are met .
http://img840.imageshack.us/img840/2061/47l0.jpg