Nzd/Jpy

My forecasting for today on the NZDJPY shows that the price is currently moving downwards through the down channel as you can see Awesome oscillator is a good indicator to avoid side trend market and it is currently showing a buy signal by getting a green bars located below the 0 th level to indicate a bullish 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 buy condition is shown by getting up cross at the stostatic indicator and the two lines is almost at level of 80 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://bigimage.cz/photos/20010105978653138630841.gif

My forecasting for today on the NZDJPY shows that the price is currently moving downwards through the down channel as you can see Awesome oscillator is a good indicator to avoid side trend market and it is currently showing a buy signal by getting a green bars located below the 0 th level to indicate a bullish 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 buy condition is shown by getting up cross at the stostatic indicator and the two lines is almost at level of 80 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://bigimage.cz/photos/20010105978653138630841.gif

Using the zigzag indicator a bottom is drawn showing a good chance for the current trend to be heading up soon on our chart the NZDJPY The price is currently near the up edge of the Donchin band indicator meaning that the price is facing a great deal of difficulty heading upward the upward direction would be a good choice to follow but only if the candle was able to close above the level 84.8 which is considered a good resistance level at the moment which is also represented by the red dots on the chart waiting for the 2 SMA Indicators to perform a buy cross would give us a better chance for a buy trade On the other hand the level 84.15 would be acting as a great support if we ended up facing an opposite downward direction .
http://bigimage.cz/photos/20010105978662447204052.gif

Obviously in front of us on the NZDJPY chart we can clearly see that there is a up trend taking place as we speak and from its looks of it seems to be a main trend of course that was confirmed when the 6 and 5 EMAs were located Above the 35 EMA.
From the looks of it making buy orders would be the wisest decision once a bullish direction is confirmed by the other indicators.
Also there are dots located above the candlesticks from the parabolic sar indicators showing us a downward direction adding to that the upward signal formed by the cci line when it got located at the Higher level.
Also to be sure we get a sell signal from the MACD indicator as it was moving below the level 0.
So In the end I do think buying would work greatly for me according to what we witnessed up till now unless an opposite bearish signal appears.
http://bigimage.cz/photos/20010105978680594207142.gif .

A bearish trend is taking place because of the down red arrow located above the price on the NZDJPY pair right now.
You can confirm it even more using the sell cross between the snake and T3_clean In order to be safe a strong support level should be determined to act as a take profit and I believe the level 83.95 would serve that purpose since it’s a strong support level at the current time.
But of course if it got broken it would mean that the price would head further down and so we would keep selling as a result.
But if the price headed to the other direction it would be wise to use 84.65 as a stop loss level for it’s a really strong resistance As a result to what we said earlier I do believe that selling would be the best decision at the moment unless either a buy cross signal appears or a blue up arrow is shown http://bigimage.cz/photos/20010105978663223118620.gif .

Daily forecast: NZDJPY 24 Oct. 2014.

Technical analysis for Daily forecast of NZDJPY 24 October, 2014. In Daily chart NZDJPY shows bullish trend. At present NZDJPY above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 86.642.

Pivot: 84.491

Resistance levels

R1 85.069
R2 85.487
R3 86.065
R4 86.642

Support levels

S1 84.073
S2 83.495
S3 83.077
S4 82.658
Attachment 11987

pair- nzd/jpy
analysis time frame- m30

http://i60.tinypic.com/2ngzhv7.jpg

the price is making a bearish engulfing candlestick pattern at the fibo resistance 78.6. the rsi is also showing overbought so this will again down side. if this is close below the 84.75 level the short with profit taget at 84.15 and stop loss at 85.25
good luck

The support level at 84.78 will give us a good chance to get in long position with take profit at 85.01.
http://i.imgur.com/xLV2N1K.png

I think that we should wait until the price break one of the two red trendlines decree below than we can choose between long or short position.
http://i.imgur.com/uI71Cog.png

cci(14) : -113.96

bulls (13) : -0.68

i see the in pair down trend

so i will sell from : 84.88

and my target today is : 82.88

good luck