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As you can see on the chart of EURNZD the prices is now upper than the EMA line of 15 which could be used as a good sign of bullish trend for today.
Also the power line indicator is now below the 50 level which indicates a good downward direction signal.
One important thing else is the power momentum indicator which as you can see show a low power of the bullish trend which can be used to filter the entry of buy positions.
http://bigimage.cz/photos/20010103978510899155414.gif .
the EURNZD pair for today seems to be on bearish trend according to the red color of the Super trend which is my main indicator to determine the market direction.
Also the Nonlog dot is red colored which indicate a sell signal by the way.
Now the signals show a strong bearish trend and a sell trades can take a place as long as the signals remain the same.
For the stop loss area I think there are 2 ways to exit if the super trend changes its color to be green or if the price hits the resistance at the area of 0.5975 which may mean that the bearish direction is over.
http://bigimage.cz/photos/20010103978508990123944.gif
http://prntscr.com/4yk50z
analysis for today 10 / 22 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURNZD on the date 10 / 21 / 2014
OPEN 1.6062
HIGH 1.6074
LOW 1.5904
CLOSED 1.5968
The third resistance (R3) 1.6074 -( 1.5982 - 1.5904 = 0.0078 x 2 = 0.0156 )= 1.6230
The second Resistance (R2) 1.5982 + 1.6074 - 1.5904 = 1.6152
First resistance (R1) 1.5982 x 2 = 3.1964 - 1.5904 = 1.6060
pivot points 1.6074 + 1.5904 + 1.5968 = 4.7946 / 3 = 1.5982
Support for the first (S1) 1.5982 x 2 = 3.1964 - 1.6074 = 1.5890
Support second (S2) 1.5982 -( 1.6074 - 1.5904 = 0.0170 ) = 1.5812
Third Support (S3) 1.5904 -( 1.6074 - 1.5982 = 0.0092 x 2 = 0.0184 )= 1.5720
pair- eur/nzd
analysis time frame- m30
http://i58.tinypic.com/35hn6dz.jpg
the price is lower to low side with up movement is rejecting moving average 50 from price level at 1.5940. the macd divergen is lower to high side. if this is break 1.5890 level then short with profit target at 1.5840 level and stop loss at 1.5975
good luck
The price is moving above the wave of EMA indicators to perform a shape of bullish direction through the day at the chart of EURNZD pair And with a buy signal showing on the RSI indicator which have the line going above the center line of 35 This also can be merged with the data of Macd indicator as you can see the green lines is heading up to inform that the market bulls have the control at the market for the current period Then I think going with the bulls at the current day and keep at the market until another sell signals shown on the chart by getting the price below the wave of EMA indicators.
http://bigimage.cz/photos/20010104978567240419853.gif .
According to the chart of EURNZA there are a main up trend signal as the 2 EMA 5 and 6 moving Above the slow EMA of 35 then I guess I will take a buy positions once the other indicators confirm the bullish direction.
There are a dots below the candles for parabolic sar indicator to indicate a upward direction and also I can monitor a buy signal on the MACD indicator which moving above the level 0 for now beside the CCI line is at the Higher level to perform a upward signal.
As I said before according to the EMA locations buying is my favorite side for today as long as the price didn’t show any opposite bearish signals.
http://bigimage.cz/photos/20010104978598176657133.gif .
the EURNZD pair for today seems to be on bullish trend according to the green color of the Super trend which is my main indicator to determine the market direction.
Also the Nonlog dot is blue colored which indicate a buy signal by the way.
Now the signals show a week bullish trend and a buy trades can take a place as soon as the Nonlog indicator changes to confirm the direction.
For the stop loss area I think there are 2 ways to exit if the super trend changes its color to be red or if the price hits the support at the area of 1.6075 which may mean that the bullish direction is over.
http://bigimage.cz/photos/20010104978598113204129.gif
As you can see on the chart of EURNZD the prices is now lower than the EMA line of 15 which could be used as a good sign of bearish trend for today.
Also the power line indicator is now above the 50 level which indicates a good upward direction signal.
One important thing else is the power momentum indicator which as you can see show a high power of the bearish trend which can be used to filter the entry of sell positions.
http://bigimage.cz/photos/20010104978598402112159.gif .
A clear cross is occurs on the momentum indicator on the EURNZD chart as the blue line goes above the red one to perform a good buying signals for the current time By the way the yellow color is shown on the Oracle Strength indicator and then it can be considered as a upward direction signal for the EURNZD To add strength to the direction the Oracle direction indicator should be useful and by a quick look you can see the blue color on the arrows to perform a upward signal on the short term Now according to these data I think a upward trend should be in action as long as the momentum buy cross still on the chart and a buy trades can be taken as long as the ATR indicator keep showing a buying signals.
http://bigimage.cz/photos/20010105978653311170903.gif .
the price seems to move in upward trend today on the EURNZD chart as there are a blue dots below the bars and as long as the price keeps higher than the strong support of 1.5992 which is also the weekly Pivot point then it seems that the price may keep going north till it can hit the weekly pivot resistance at 1.6216 .
In other scenario if the price can break the support 1.5992 and get a bearish signals by a red dots then it’s expected to keep going south till the support of 1.5887 as the next weekly Pivot point.
http://bigimage.cz/photos/20010105978652756857437.gif .