Nzd/Jpy

analysis for today 12 / 2 / 2014
NZD/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 93.23
Retracement (50%) 93.18
retracement (61,8%) 93.12

Extensions (61.8%) 93.72
Extensions (100.0%) 93.91
Extensions (138.2%) 94.10
Extensions (161.8%) 94.21
calculation based on a Fibonacci retracement then today I choose buy

After analyzing the NZDJPY I can find a key level at the support located at the bottom performed by the pric at 92.45 which should be act as a very strong level that the price can't go at any price below it.
This level is also supported by a buying signal on the chart by the green arrow to confirm that there are may be a strong bullish direction.
The parabolic sar indicator by the way showing a good signal for going above by getting it's dots down the price.
Now to think about when to close your buying selling orders and claim profits I guess that the price may face problems at the resistance of 93.25 2222 as it may stop the direction and the price may start heading south after facing it.
http://bigimage.cz/photos/20141202141751890186376.gif

According to price location as you can see on the NZDJPY According to price location as you can see on the below the wave of EMA indicators which can be understood as a bearish trend signal for the upcoming period.
There are also two other signals that I mentions today the first one was on the RSI indicator which it's line moves below the 50th line to perform a good sell signal and the other one was on the MACD indicator witch shows that the green line is moving up and then I can understand that there are an active bulls in the market at the moment.
Until the price can gain strength to get over the wave of EMAs I think going with the bears will be the right decision for the traders .
http://bigimage.cz/photos/20141202141751944113511.gif

The blue line comes below the red line on the momentum cross on the chart of the NZDJPY pair by now which is a good signal for selling signal.
In the other way the Oracle strength indicator have a probably upwards direction because of the yellow color of the mentioned indicator.
This can be merged with the bullish trend of the Oracle direction indicator which shows a blue arrow by now and it should confirm the oracle strength indicator in order to enter any trade.
I think it is clear that the downward trend will take a place on the pair for a good time starting from now and this should remain as long as the indicators keep giving the sell signals.
http://bigimage.cz/photos/20141202141752055176944.gif

I can think due to the blade oscillator signal for the NZDJPY that the upcoming trend may be a bearish one as the indicator's value is 0.074 which is below the level of balance also the indicator's color is blue to perform a weak sign for bearish direction.
Now when taking a look on the chart you can get the down slope of the moving average and the last top drawn by the price at 93.13 can be used as a good stop level area in case of getting any open sell positions which I recommend it for the current situation .
http://bigimage.cz/photos/20141202141752272639273.gif

some good selling signals shown today on the hourly chart of the NZDJPY as the price have a red arrow as the last signal that viewed by the EMA crossover indicator which uses a 2 exponential moving averages with an unsimilar shifts and you can see the red line crossing below the blue one to act as a sell signal.
it happens also on the QQE indicator that is clear on the chart lines below the fifty levels and showing a sell cross.
We target the area 93.45 by performing sell orders until I can get a new buy cross by the 2 exponential moving averages.
.
http://bigimage.cz/photos/20141202141752025206170.gif

On the NZDJPY chart we can see a up channel so the price is expected to continue to move upward for now.
We can see also that the price hits the lower edge of the donchain channel that could be considered as a signal for going north The Awesome oscillator shows a red bar below the level of 0 that indicates a sell signal for now.
In mean while the Stostatic indicator shows a bullish signal by having a buy cross as the lines near the level of 20 Due to the data above I guess that buying is the most likely to happen and we can target the high channel edge as the take profit of buy trades http://bigimage.cz/photos/20141203141758844936096.gif

After analyzing the NZDJPY I can find a key level at the resistance located at the top performed by the pric at 93.45 which should be act as a very strong level that the price can't go at any price above it.
This level is also supported by a selling signal on the chart by the red arrow to confirm that there are may be a strong bearish direction.
The parabolic sar indicator by the way showing a good signal for going above by getting it's dots down the price.
Now to think about when to close your selling selling orders and claim profits I guess that the price may face problems at the support of 92.65 2222 as it may stop the direction and the price may start heading north after facing it.
http://bigimage.cz/photos/20141203141758875162227.gif

The blue line comes below the red line on the momentum cross on the chart of the NZDJPY pair by now which is a good signal for selling signal.
In the other way the Oracle strength indicator have a probably downwards direction because of the red color of the mentioned indicator.
This can be merged with the bearish trend of the Oracle direction indicator which shows a red arrow by now and it should confirm the oracle strength indicator in order to enter any trade.
I think it is clear that the downward trend will take a place on the pair for a good time starting from now and this should remain as long as the indicators keep giving the sell signals.
http://bigimage.cz/photos/20141203141758901107608.gif

According to price location as you can see on the NZDJPY According to price location as you can see on the below the wave of EMA indicators which can be understood as a bearish trend signal for the upcoming period.
There are also two other signals that I mentions today the first one was on the RSI indicator which it's line moves below the 50th line to perform a good sell signal and the other one was on the MACD indicator witch shows that the green line is moving down and then I can understand that there are an active bears in the market at the moment.
Until the price can gain strength to get over the wave of EMAs I think going with the bears will be the right decision for the traders .
http://bigimage.cz/photos/20141203141758910162539.gif