Gbp/Nzd

http://prntscr.com/404zkz
analysis for today 7 / 7 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 7 / 4 / 2014
OPEN 1.9591
HIGH 1.9646
LOW 1.9589
CLOSED 1.9626

The third resistance (R3) 1.9646 -( 1.9620 - 1.9589 = 0.0031 x 2 = 0.0063 )= 1.9709
The second Resistance (R2) 1.9620 + 1.9646 - 1.9589 = 1.9677
First resistance (R1) 1.9620 x 2 = 3.9241 - 1.9589 = 1.9652
pivot points 1.9646 + 1.9589 + 1.9626 = 5.8861 / 3 = 1.9620
Support for the first (S1) 1.9620 x 2 = 3.9241 - 1.9646 = 1.9595
Support second (S2) 1.9620 -( 1.9646 - 1.9589 = 0.0057 ) = 1.9563
Third Support (S3) 1.9589 -( 1.9646 - 1.9620 = 0.0026 x 2 = 0.0051 )= 1.9538

I think that this pair broke the trend shown in the picture below that's why we have to wait a little bit until we see what will happen at the level of 38.2 from the Fibonacci levels(1.9544)will either the price re-test the trend or will break it directly.
http://i.imgur.com/tD1hPVo.png

http://prntscr.com/40aapb
analysis for today 7 / 7 / 2014
GBP/NZD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.9611
Retracement (50%) 1.9618
retracement (61,8%) 1.9624

Extensions (61.8%) 1.9554
Extensions (100.0%) 1.9532
Extensions (138.2%) 1.9510
Extensions (161.8%) 1.9497
calculation based on a Fibonacci retracement then today I choose sell

http://prntscr.com/40hpz3
analysis for today 7 / 8 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 7 / 7 / 2014
OPEN 1.9616
HIGH 1.9663
LOW 1.9528
CLOSED 1.9550

The third resistance (R3) 1.9663 -( 1.9580 - 1.9528 = 0.0052 x 2 = 0.0105 )= 1.9768
The second Resistance (R2) 1.9580 + 1.9663 - 1.9528 = 1.9715
First resistance (R1) 1.9580 x 2 = 3.9161 - 1.9528 = 1.9633
pivot points 1.9663 + 1.9528 + 1.9550 = 5.8741 / 3 = 1.9580
Support for the first (S1) 1.9580 x 2 = 3.9161 - 1.9663 = 1.9498
Support second (S2) 1.9580 -( 1.9663 - 1.9528 = 0.0135 ) = 1.9445
Third Support (S3) 1.9528 -( 1.9663 - 1.9580 = 0.0083 x 2 = 0.0165 )= 1.9363

aaj he GBP ka production data bikaar aaya aur new zealand ko AA ka rating milgaya hai aur essi wajah se ye pair nzd ke favour mein aaj kaafi jada raha aur kaafi ye down hua hai abhi kuch time ke liye ye down he rahenga..

Quote:

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Originally Posted by fxearner

aaj he GBP ka production data bikaar aaya aur new zealand ko AA ka rating milgaya hai aur essi wajah se ye pair nzd ke favour mein aaj kaafi jada raha aur kaafi ye down hua hai abhi kuch time ke liye ye down he rahenga..

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bhaiya ji abhi nzd kafi jayda strong hain uper ka strong resistance bhi breakout diya hain ab shayad ye new high banayega main waise nzd par ek samay par trade kiya karta tha abhi filhaal chor diya hain bhaiya ji

Stochastic is in oversold situation in 4 hours time frame, also there is a Trendline directly under the price, which means that there is a high probability that the price will bounce from there.
http://i.imgur.com/gbj32dC.png

analysis for today 7 / 8 / 2014
GBP/NZD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.9611
Retracement (50%) 1.9596
retracement (61,8%) 1.9580

Extensions (61.8%) 1.9746
Extensions (100.0%) 1.9798
Extensions (138.2%) 1.9850
Extensions (161.8%) 1.9881
calculation based on a Fibonacci retracement then today I choose buy

is pair par kafi bar trade nahe ki hai kio k insta mai is ka ik tou spread high hai jis ki waja sai problem ka samna karna parta hai is leyay wo he pair select kia hai jis ka spread kam ho aur us mai koi masla na ho...

Quote:

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Originally Posted by sunila

is pair par kafi bar trade nahe ki hai kio k insta mai is ka ik tou spread high hai jis ki waja sai problem ka samna karna parta hai is leyay wo he pair select kia hai jis ka spread kam ho aur us mai koi masla na ho...

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G bhai g es pair ki spread tu high hay lakin ya pair long term trading k liyay ek dum sahi hay , scalping k liyay ya pair zaida acha nh hay , es liyay zaida traders es pair per swing trading karna hi pasand kartay hay .:)