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pair- eur/nzd
chart analysis time frame- m30
http://i60.tinypic.com/2jb46m8.jpg
the price is break the moving average 50 support at the 1.5655 level and falling down. this may be hold at the fibo 50 level and macd is having down trend signal. hold the short entry with take profit 1.5575 level and stop loss at 1.5680
good luck
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EURNDZ looks good for Downtrend on this pair and lets wait for a breakthrough of previous low 1.5479 for the better entry point then using next barrier 1.5293 as target. As we can see here, i place the upside barrier at 1.5699.
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http://prntscr.com/3y7wf0
analysis for today 7 / 1 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURNZD on the date 5 / 30 / 2014
OPEN 1.5531
HIGH 1.5645
LOW 1.5530
CLOSED 1.5628
The third resistance (R3) 1.5645 -( 1.5601 - 1.5530 = 0.0071 x 2 = 0.0142 )= 1.5787
The second Resistance (R2) 1.5601 + 1.5645 - 1.5530 = 1.5716
First resistance (R1) 1.5601 x 2 = 3.1202 - 1.5530 = 1.5672
pivot points 1.5645 + 1.5530 + 1.5628 = 4.6803 / 3 = 1.5601
Support for the first (S1) 1.5601 x 2 = 3.1202 - 1.5645 = 1.5557
Support second (S2) 1.5601 -( 1.5645 - 1.5530 = 0.0115 ) = 1.5486
Third Support (S3) 1.5530 -( 1.5645 - 1.5601 = 0.0044 x 2 = 0.0088 )= 1.5442
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http://prntscr.com/3ybzns
analysis for today 7 / 1 / 2014
EUR/NZD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.5574
Retracement (50%) 1.5588
retracement (61,8%) 1.5601
Extensions (61.8%) 1.5459
Extensions (100.0%) 1.5415
Extensions (138.2%) 1.5371
Extensions (161.8%) 1.5344
calculation based on a Fibonacci retracement then today I choose sell
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Hi, eur /nzd is a pair of currency.we know that there are many pairs of currency.different traders use different pairs of currency. I also use different pair in different time. The pair uro /nzd is one of them.
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http://prntscr.com/3ylauj
analysis for today 7 / 2 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURNZD on the date 7 / 1 / 2014
OPEN 1.5629
HIGH 1.5644
LOW 1.5564
CLOSED 1.5584
The third resistance (R3) 1.5644 -( 1.5597 - 1.5564 = 0.0033 x 2 = 0.0067 )= 1.5711
The second Resistance (R2) 1.5597 + 1.5644 - 1.5564 = 1.5677
First resistance (R1) 1.5597 x 2 = 3.1195 - 1.5564 = 1.5631
pivot points 1.5644 + 1.5564 + 1.5584 = 4.6792 / 3 = 1.5597
Support for the first (S1) 1.5597 x 2 = 3.1195 - 1.5644 = 1.5551
Support second (S2) 1.5597 -( 1.5644 - 1.5564 = 0.0080 ) = 1.5517
Third Support (S3) 1.5564 -( 1.5644 - 1.5597 = 0.0047 x 2 = 0.0093 )= 1.5471
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http://prntscr.com/3ynlbz
analysis for today 7 / 2 / 2014
EUR/NZD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.5613
Retracement (50%) 1.5604
retracement (61,8%) 1.5595
Extensions (61.8%) 1.5693
Extensions (100.0%) 1.5724
Extensions (138.2%) 1.5755
Extensions (161.8%) 1.5773
calculation based on a Fibonacci retracement then today I choose buy
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http://prntscr.com/3yvbhp
analysis for today 7 / 3 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURNZD on the date 7 / 2 / 2014
OPEN 1.5585
HIGH 1.5624
LOW 1.5558
CLOSED 1.5563
The third resistance (R3) 1.5624 -( 1.5582 - 1.5558 = 0.0024 x 2 = 0.0047 )= 1.5671
The second Resistance (R2) 1.5582 + 1.5624 - 1.5558 = 1.5648
First resistance (R1) 1.5582 x 2 = 3.1163 - 1.5558 = 1.5605
pivot points 1.5624 + 1.5558 + 1.5563 = 4.6745 / 3 = 1.5582
Support for the first (S1) 1.5582 x 2 = 3.1163 - 1.5624 = 1.5539
Support second (S2) 1.5582 -( 1.5624 - 1.5558 = 0.0066 ) = 1.5516
Third Support (S3) 1.5558 -( 1.5624 - 1.5582 = 0.0042 x 2 = 0.0085 )= 1.5473
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analysis for today 7 / 3 / 2014
EUR/NZD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.5583
Retracement (50%) 1.5591
retracement (61,8%) 1.5599
Extensions (61.8%) 1.5517
Extensions (100.0%) 1.5492
Extensions (138.2%) 1.5467
Extensions (161.8%) 1.5451
calculation based on a Fibonacci retracement then today I choose sell
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http://prntscr.com/3z7kvk
analysis for today 7 / 4 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURNZD on the date 7 / 3 / 2014
OPEN 1.5562
HIGH 1.5603
LOW 1.5525
CLOSED 1.5543
The third resistance (R3) 1.5603 -( 1.5557 - 1.5525 = 0.0032 x 2 = 0.0064 )= 1.5667
The second Resistance (R2) 1.5557 + 1.5603 - 1.5525 = 1.5635
First resistance (R1) 1.5557 x 2 = 3.1114 - 1.5525 = 1.5589
pivot points 1.5603 + 1.5525 + 1.5543 = 4.6671 / 3 = 1.5557
Support for the first (S1) 1.5557 x 2 = 3.1114 - 1.5603 = 1.5511
Support second (S2) 1.5557 -( 1.5603 - 1.5525 = 0.0078 ) = 1.5479
Third Support (S3) 1.5525 -( 1.5603 - 1.5557 = 0.0046 x 2 = 0.0092 )= 1.5433