Nzd/Jpy

Daily forecast: NZDJPY 07 Nov. 2014.

Technical analysis for Daily forecast of NZDJPY 07 November, 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 90.298.

Pivot: 88.435

Resistance levels

R1 88.938
R2 89.291
R3 89.794
R4 90.298

Support levels

S1 88.082
S2 87.579
S3 87.226
S4 86.874
Attachment 12326

the blue dots appearing above the candle bars indicates that the price today is going to be heading upward depending on the price’s position we are going to determine where the price would be heading so if the price remained in its position lower than 85.3633 which act as a strong support at this moment also it happens to be a weekly pivot point at the same time then I do believe that the price would be heading north only till it meets the next weekly pivot resistance at 88.8133 .
But what if red dots appeared indicating bearish trades and the price bypassed the support 85.3633 and headed for the opposite direction then I do believe that the price in this condition would be heading south until it reaches the price 83.2267 which is the next support and the next pivot level of the week.
http://bigimage.cz/photos/20010119979917577124141.gif .

pair- nzd/jpy
analysis time frame- m15

http://i58.tinypic.com/2wlzk0w.jpg

the rsi indicator is moving down side and in the price chart its also at strong resistance at 88.85 level that may be not break and its again move down side. if this is break 88.44 level then short with take profit at 88.00 and stop loss at 88.90
good luck.

forex me bhut se log bhut kuch banty ha jase ap Nzd/jpy bana rhe ha is better ye ha ke ap apne work ko best kare or is se zayda se zayda bouns hasil kare mere khyal se nh hona chye ye sab me is ko like nh krti hu

the blue dots appearing above the candle bars indicates that the price today is going to be heading upward depending on the price’s position we are going to determine where the price would be heading so if the price remained in its position lower than 87.63 which act as a strong support at this moment also it happens to be a weekly pivot point at the same time then I do believe that the price would be heading north only till it meets the next weekly pivot resistance at 89.62 .
But what if red dots appeared indicating bearish trades and the price bypassed the support 87.63 and headed for the opposite direction then I do believe that the price in this condition would be heading south until it reaches the price 86.44 which is the next support and the next pivot level of the week.
http://bigimage.cz/photos/20010122980126802123822.gif .

http://prntscr.com/4xvshy
analysis for today 11 / 10 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDJPY on the date 11 / 7 / 2014
OPEN 88.59
HIGH 88.91
LOW 88.27
CLOSED 88.82

The third resistance (R3) 88.91 - ( 88.67 - 88.27 = 0.40 x 2 = 0.79 )= 89.70
The second Resistance (R2) 88.67 + 88.91 - 88.27 = 89.31
First resistance (R1) 88.67 x 2 = 177.33 - 88.27 = 89.06
pivot points 88.91 + 88.27 + 88.82 = 266.00 / 3 = 88.67
Support for the first (S1) 88.67 x 2 = 177.33 - 88.91 = 88.42
Support second (S2) 88.67 - ( 88.91 - 88.27 = 0.64 ) = 88.03
Third Support (S3) 88.27 - ( 88.91 - 88.67 = 0.24 x 2 = 0.49 )= 87.78

pair- nzd/jpy
analysis time frame- m15

http://i58.tinypic.com/1sl9vb.jpg

the price is in the up trend side along the supporting line. the rsi is at the level 70 and the price is also making double top chart pattern at 89.10 level. if this is break the support at 88.85 level then short with take profit at 88.20 and stop loss at the 89.50
good luck.

http://prntscr.com/557i0s
analysis for today 11 / 11 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDJPY on the date 11 / 10 / 2014
OPEN 88.99
HIGH 89.16
LOW 88.71
CLOSED 88.96

The third resistance (R3) 89.16 - ( 88.94 - 88.71 = 0.23 x 2 = 0.47 )= 89.63
The second Resistance (R2) 88.94 + 89.16 - 88.71 = 89.39
First resistance (R1) 88.94 x 2 = 177.89 - 88.71 = 89.18
pivot points 89.16 + 88.71 + 88.96 = 266.83 / 3 = 88.94
Support for the first (S1) 88.94 x 2 = 177.89 - 89.16 = 88.73
Support second (S2) 88.94 - ( 89.16 - 88.71 = 0.45 ) = 88.49
Third Support (S3) 88.71 - ( 89.16 - 88.94 = 0.22 x 2 = 0.43 )= 88.28

pair- nzd/jpy
analysis time frame- m15

http://i61.tinypic.com/52h02c.jpg

the price is moving above the daily resistance level three at 89.62 level and the rsi is also showing overbought as moving level 70. its will be continue up side but a correction can expected. hold the long entry with stop loss at 89.50
good luck.

the blue dots appearing above the candle bars indicates that the price today is going to be heading upward depending on the price’s position we are going to determine where the price would be heading so if the price remained in its position lower than 87.63 which act as a strong support at this moment also it happens to be a weekly pivot point at the same time then I do believe that the price would be heading north only till it meets the next weekly pivot resistance at 89.62 .
But what if red dots appeared indicating bearish trades and the price bypassed the support 87.63 and headed for the opposite direction then I do believe that the price in this condition would be heading south until it reaches the price 86.44 which is the next support and the next pivot level of the week.
http://bigimage.cz/photos/20010124980295681813220.gif .