Eur/Nzd

A down channel is now drawn on the EURNZD and the price is suggested to keep going downward on the short term Also you can see the price hits the down edge of donchain channel which may be a signal for heading north If you checked Awesome oscillator it shows a green bar below the level of 0 to indicate a buy signal at the current time Also the stostatic is showing a bearish singal by having a sell cross and the lines near the level of 20 I gess according to this data buying can be a winning bet and you can target the high level of donchain channel but waiting a confirmation from the awesome oscillator can increase the chance for winning buy trades http://bigimage.cz/photos/20010103978478808205003.gif

A strong bearish trend take a place on the hourly chart of the EURNZD as the Blade oscillator is now at 0.0035 area below the level of balance and at the same time the indicator is red colored which is a strong indication of bearish direction on the short term. On the chart itself you can see the moving average 5 sloping down and then you can consider the last top drawn by it at 1.5962 as a good stop loss if you need it in case of sell orders which is very advised according to the indicators signals. http://imagez.me/photos/20141021141393191521451.gif

A bearish trend is now in action as you can see the red arrow shown on the hourly EURNZD chart at the current time which is supported with a top located at 1.6135 which can be also used as a very strong resistance that the price shouldn’t go above it if the bearish trend still strong.
Also the parabolic sar dots is showing below the candles which is a sign that the price is heading up for a while.
when selling trades take a place I think then the support 1.594 can be a good area in order to close some open positions as the price has a good chance to go north after hitting it.
http://bigimage.cz/photos/20010103978483614178090.gif .

A down channel is now drawn on the EURNZD and the price is suggested to keep going downward on the short term Also you can see the price hits the down edge of donchain channel which may be a signal for heading north If you checked Awesome oscillator it shows a green bar below the level of 0 to indicate a buy signal at the current time Also the stostatic is showing a bearish singal by having a sell cross and the lines near the level of 20 I gess according to this data buying can be a winning bet and you can target the high level of donchain channel but waiting a confirmation from the awesome oscillator can increase the chance for winning buy trades http://bigimage.cz/photos/20010103978478808205003.gif

the EURNZD pair is now moving at a bearish trend which can be recognized by the down red arrow above the price and at the same time you can monitor the sell cross between the snake and T3_clean on the 1H chart Now to define the levels which may affect the direction you can use the support level at 1.5895 as a good area to claim the profits or keep selling if the price breaks it down while on the other hand the level 1.6005 could be used as a resistance which the stop loss level can be set Finally selling can be the right decision for now until an opposite buy cross occurs on the indicators or a blue up arrow is shown http://bigimage.cz/photos/20010103978491680114532.gif .

Eur/nzd analysis :

date : 10.22.14
time : 03:00 GMT
time frame : 15 min

current rate : 1.5938
high : 1.5989
low : 1.5940
net change : -0.20%

overall trend : slightly Bearish.

there are Bearish channel drawn on the EURNZD hour chart as you can see at the picture and also you can mention the Red color of the moving average which mean that the price is heading down for the current period.
The market opened today at a Lower values than the daily pivot point at 1.5982 and according to the data shown it seems that the price may keep going down till it can reach the first daily pivot support located at the price of 1.5935 if the WPR indicator didn't show any opposite upward signals.
And in case of reaching the target you can keep selling till the next support at 1.5888 which is a very strong support level to reach before the end of the day.
http://bigimage.cz/photos/20010103978494352132293.gif

The price is getting to fall as it hits the up edge of the Bollinger bands indicator as you can see on the chart of EURNZD right now.
The volume of the market is now low as it has a value of 216 as you can see on the volume indicator at the bottom of the chart.
As you can see the price will face a strong Pivot level before it can be able to go downward then setting level 1.5915 as the next support to the price as a primary take profit then the next support at 1.5874 is recommended while you can cut the losses at the level 1.6048 if the price heads up .
Another indicator could be useful to confirm the entry which is consists of three indicators as you can see on the middle of the chart image so entering with the cross of the CCI and moving average can be a good way to confirm the entry .
10

The new daily opening was lower than the last day opening to allow us to mention the down trend occurs on the last day.
Now according to the new data shown on the chart of the EURNZD pair the last arrow signal was a red down arrow below the price to indicate a bearish signal for the short term traders.
In this case I guess that the last opening at 1.5895 should be used as a take profit area because it should act as a strong support that the price may face difficulties to break it down Finally I think using a trading system is the best way to enter the trades and then you should wait to see a clear red line on the check indicator and at the same time trader indicator have to be red in order to make sure you are in the right bearish trend before opening any buy positions .
http://bigimage.cz/photos/20010103978497566202932.gif

According to the chart of EURNZA there are a main down trend signal as the 2 EMA 5 and 6 moving below the slow EMA of 35 then I guess I will take a sell positions once the other indicators confirm the bearish direction.
There are a dots below the candles for parabolic sar indicator to indicate a upward direction and also I can monitor a sell signal on the MACD indicator which moving below the level 0 for now beside the CCI line is at the lower level to perform a downward signal.
As I said before according to the EMA locations selling is my favorite side for today as long as the price didn’t show any opposite bullish signals.
http://bigimage.cz/photos/20010103978509005977096.gif .