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http://prntscr.com/434vu0
analysis for today 7 / 16 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 7 / 15 / 2014
OPEN 1.9395
HIGH 1.9585
LOW 1.9376
CLOSED 1.9547
The third resistance (R3) 1.9585 -( 1.9503 - 1.9376 = 0.0127 x 2 = 0.0253 )= 1.9838
The second Resistance (R2) 1.9503 + 1.9585 - 1.9376 = 1.9712
First resistance (R1) 1.9503 x 2 = 3.9005 - 1.9376 = 1.9629
pivot points 1.9585 + 1.9376 + 1.9547 = 5.8508 / 3 = 1.9503
Support for the first (S1) 1.9503 x 2 = 3.9005 - 1.9585 = 1.9420
Support second (S2) 1.9503 -( 1.9585 - 1.9376 = 0.0209 ) = 1.9294
Third Support (S3) 1.9376 -( 1.9585 - 1.9503 = 0.0082 x 2 = 0.0165 )= 1.9211
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http://prntscr.com/439wf7
analysis for today 7 / 16 / 2014
GBP/NZD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.9505
Retracement (50%) 1.9481
retracement (61,8%) 1.9456
Extensions (61.8%) 1.9714
Extensions (100.0%) 1.9794
Extensions (138.2%) 1.9874
Extensions (161.8%) 1.9923
calculation based on a Fibonacci retracement then today I choose buy
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I think that we can sell with targets au to 1.937 and 1.91 and a stop loss in 1.9779. But we should wait the price to hit the trend decree below.
http://i.imgur.com/HJ5O6RH.png
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http://prntscr.com/43k3kj
analysis for today 7 / 17 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 7 / 16 / 2014
OPEN 1.9546
HIGH 1.9710
LOW 1.9541
CLOSED 1.9665
The third resistance (R3) 1.9710 -( 1.9639 - 1.9541 = 0.0098 x 2 = 0.0195 )= 1.9905
The second Resistance (R2) 1.9639 + 1.9710 - 1.9541 = 1.9808
First resistance (R1) 1.9639 x 2 = 3.9277 - 1.9541 = 1.9736
pivot points 1.9710 + 1.9541 + 1.9665 = 5.8916 / 3 = 1.9639
Support for the first (S1) 1.9639 x 2 = 3.9277 - 1.9710 = 1.9567
Support second (S2) 1.9639 -( 1.9710 - 1.9541 = 0.0169 ) = 1.9470
Third Support (S3) 1.9541 -( 1.9710 - 1.9639 = 0.0071 x 2 = 0.0143 )= 1.9398
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http://prntscr.com/43lnhs
analysis for today 7 / 17 / 2014
GBP/NZD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.9645
Retracement (50%) 1.9626
retracement (61,8%) 1.9606
Extensions (61.8%) 1.9814
Extensions (100.0%) 1.9879
Extensions (138.2%) 1.9944
Extensions (161.8%) 1.9983
calculation based on a Fibonacci retracement then today I choose buy
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http://prntscr.com/43vf57
analysis for today 7 / 18 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 7 / 17 / 2014
OPEN 1.9664
HIGH 1.9735
LOW 1.9628
CLOSED 1.9720
The third resistance (R3) 1.9735 -( 1.9694 - 1.9628 = 0.0066 x 2 = 0.0133 )= 1.9868
The second Resistance (R2) 1.9694 + 1.9735 - 1.9628 = 1.9801
First resistance (R1) 1.9694 x 2 = 3.9389 - 1.9628 = 1.9761
pivot points 1.9735 + 1.9628 + 1.9720 = 5.9083 / 3 = 1.9694
Support for the first (S1) 1.9694 x 2 = 3.9389 - 1.9735 = 1.9654
Support second (S2) 1.9694 -( 1.9735 - 1.9628 = 0.0107 ) = 1.9587
Third Support (S3) 1.9628 -( 1.9735 - 1.9694 = 0.0041 x 2 = 0.0081 )= 1.9547
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by looking the daily chart we can see that the Gbp/nzd is above the support at 1.9663, that's why we have to wait and see if the candle will close above this support or under it.
http://i.imgur.com/BhpfLVW.png
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http://prntscr.com/44qr6c
analysis for today 7 / 21 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 7 / 18 / 2014
OPEN 1.9721
HIGH 1.9754
LOW 1.9638
CLOSED 1.9654
The third resistance (R3) 1.9754 -( 1.9682 - 1.9638 = 0.0044 x 2 = 0.0088 )= 1.9842
The second Resistance (R2) 1.9682 + 1.9754 - 1.9638 = 1.9798
First resistance (R1) 1.9682 x 2 = 3.9364 - 1.9638 = 1.9726
pivot points 1.9754 + 1.9638 + 1.9654 = 5.9046 / 3 = 1.9682
Support for the first (S1) 1.9682 x 2 = 3.9364 - 1.9754 = 1.9610
Support second (S2) 1.9682 -( 1.9754 - 1.9638 = 0.0116 ) = 1.9566
Third Support (S3) 1.9638 -( 1.9754 - 1.9682 = 0.0072 x 2 = 0.0144 )= 1.9494
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http://prntscr.com/44uue8
analysis for today 7 / 21 / 2014
GBP/NZD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.9682
Retracement (50%) 1.9696
retracement (61,8%) 1.9710
Extensions (61.8%) 1.9566
Extensions (100.0%) 1.9522
Extensions (138.2%) 1.9478
Extensions (161.8%) 1.9450
calculation based on a Fibonacci retracement then today I choose sell
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http://prntscr.com/452jqy
analysis for today 7 / 22 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 7 / 21 / 2014
OPEN 1.9634
HIGH 1.9657
LOW 1.9600
CLOSED 1.9648
The third resistance (R3) 1.9657 -( 1.9635 - 1.9600 = 0.0035 x 2 = 0.0070 )= 1.9727
The second Resistance (R2) 1.9635 + 1.9657 - 1.9600 = 1.9692
First resistance (R1) 1.9635 x 2 = 3.9270 - 1.9600 = 1.9670
pivot points 1.9657 + 1.9600 + 1.9648 = 5.8905 / 3 = 1.9635
Support for the first (S1) 1.9635 x 2 = 3.9270 - 1.9657 = 1.9613
Support second (S2) 1.9635 -( 1.9657 - 1.9600 = 0.0057 ) = 1.9578
Third Support (S3) 1.9600 -( 1.9657 - 1.9635 = 0.0022 x 2 = 0.0044 )= 1.9556