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http://prntscr.com/42hnd1
analysis for today 7 / 14 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDJPY on the date 7 / 11 / 2014
OPEN 89.35
HIGH 89.45
LOW 89.11
CLOSED 89.28
The third resistance (R3) 89.45 - ( 89.28 - 89.11 = 0.17 x 2 = 0.34 )= 89.79
The second Resistance (R2) 89.28 + 89.45 - 89.11 = 89.62
First resistance (R1) 89.28 x 2 = 178.56 - 89.11 = 89.45
pivot points 89.45 + 89.11 + 89.28 = 267.84 / 3 = 89.28
Support for the first (S1) 89.28 x 2 = 178.56 - 89.45 = 89.11
Support second (S2) 89.28 - ( 89.45 - 89.11 = 0.34 ) = 88.94
Third Support (S3) 89.11 - ( 89.45 - 89.28 = 0.17 x 2 = 0.34 )= 88.77
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http://prntscr.com/42kzj4
analysis for today 7 / 14 / 2014
NZD/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 89.32
Retracement (50%) 89.28
retracement (61,8%) 89.24
Extensions (61.8%) 89.66
Extensions (100.0%) 89.79
Extensions (138.2%) 89.92
Extensions (161.8%) 90.00
calculation based on a Fibonacci retracement then today I choose buy
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Apparently the price will come down. I recommend to get in sell positions only because it is very difficult for the price to continue climbing.
http://i.imgur.com/pzjlAPj.png
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http://prntscr.com/42s1pv
analysis for today 7 / 15 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDJPY on the date 7 / 14 / 2014
OPEN 89.29
HIGH 89.48
LOW 89.22
CLOSED 89.37
The third resistance (R3) 89.48 - ( 89.36 - 89.22 = 0.14 x 2 = 0.27 )= 89.75
The second Resistance (R2) 89.36 + 89.48 - 89.22 = 89.62
First resistance (R1) 89.36 x 2 = 178.71 - 89.22 = 89.49
pivot points 89.48 + 89.22 + 89.37 = 268.07 / 3 = 89.36
Support for the first (S1) 89.36 x 2 = 178.71 - 89.48 = 89.23
Support second (S2) 89.36 - ( 89.48 - 89.22 = 0.26 ) = 89.10
Third Support (S3) 89.22 - ( 89.48 - 89.36 = 0.12 x 2 = 0.25 )= 88.97
---------- Post added at 11:31 AM ---------- Previous post was at 11:25 AM ----------
http://prntscr.com/42s1pv
analysis for today 7 / 15 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDJPY on the date 7 / 14 / 2014
OPEN 89.29
HIGH 89.48
LOW 89.22
CLOSED 89.37
The third resistance (R3) 89.48 - ( 89.36 - 89.22 = 0.14 x 2 = 0.27 )= 89.75
The second Resistance (R2) 89.36 + 89.48 - 89.22 = 89.62
First resistance (R1) 89.36 x 2 = 178.71 - 89.22 = 89.49
pivot points 89.48 + 89.22 + 89.37 = 268.07 / 3 = 89.36
Support for the first (S1) 89.36 x 2 = 178.71 - 89.48 = 89.23
Support second (S2) 89.36 - ( 89.48 - 89.22 = 0.26 ) = 89.10
Third Support (S3) 89.22 - ( 89.48 - 89.36 = 0.12 x 2 = 0.25 )= 88.97
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http://prntscr.com/42x0cj
analysis for today 7 / 15 / 2014
NZD/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 89.32
Retracement (50%) 89.35
retracement (61,8%) 89.38
Extensions (61.8%) 89.06
Extensions (100.0%) 88.96
Extensions (138.2%) 88.86
Extensions (161.8%) 88.80
calculation based on a Fibonacci retracement then today I choose sell
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http://prntscr.com/434uci
analysis for today 7 / 16 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDJPY on the date 7 / 15 / 2014
OPEN 89.37
HIGH 89.51
LOW 88.94
CLOSED 89.11
The third resistance (R3) 89.51 - ( 89.19 - 88.94 = 0.25 x 2 = 0.49 )= 90.00
The second Resistance (R2) 89.19 + 89.51 - 88.94 = 89.76
First resistance (R1) 89.19 x 2 = 178.37 - 88.94 = 89.43
pivot points 89.51 + 88.94 + 89.11 = 267.56 / 3 = 89.19
Support for the first (S1) 89.19 x 2 = 178.37 - 89.51 = 88.86
Support second (S2) 89.19 - ( 89.51 - 88.94 = 0.57 ) = 88.62
Third Support (S3) 88.94 - ( 89.51 - 89.19 = 0.32 x 2 = 0.65 )= 88.29
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http://prntscr.com/439fa9
analysis for today 7 / 16 / 2014
NZD/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 89.16
Retracement (50%) 89.23
retracement (61,8%) 89.29
Extensions (61.8%) 88.59
Extensions (100.0%) 88.37
Extensions (138.2%) 88.15
Extensions (161.8%) 88.02
calculation based on a Fibonacci retracement then today I choose sell
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http://prntscr.com/43hh4t
analysis for today 7 / 17 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDJPY on the date 7 / 16 / 2014
OPEN 89.10
HIGH 89.14
LOW 88.31
CLOSED 88.52
The third resistance (R3) 89.14 - ( 88.66 - 88.31 = 0.35 x 2 = 0.69 )= 89.83
The second Resistance (R2) 88.66 + 89.14 - 88.31 = 89.49
First resistance (R1) 88.66 x 2 = 177.31 - 88.31 = 89.00
pivot points 89.14 + 88.31 + 88.52 = 265.97 / 3 = 88.66
Support for the first (S1) 88.66 x 2 = 177.31 - 89.14 = 88.17
Support second (S2) 88.66 - ( 89.14 - 88.31 = 0.83 ) = 87.83
Third Support (S3) 88.31 - ( 89.14 - 88.66 = 0.48 x 2 = 0.97 )= 87.34
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analysis for today 7 / 17 / 2014
NZD/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 88.63
Retracement (50%) 88.73
retracement (61,8%) 88.82
Extensions (61.8%) 87.80
Extensions (100.0%) 87.48
Extensions (138.2%) 87.16
Extensions (161.8%) 86.97
calculation based on a Fibonacci retracement then today I choose sell
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We can note that now is almost the best time to enter into buy deals, all what we have to do is waiting for a daily candle to close above the trend and then make sure that the price will rise.
http://i.imgur.com/jKxAGtC.png