-
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 0.174 which is below the level of balance also the indicator's color is red to perform a strong 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 92.85 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/20141204141767577812399.gif
-
The NZDJPY chart has an active bullish cross between the set of EMAs which can be used as a way to say that the price is going to go to the north side by the next few hours.
Another signal is now clear on the Histogram indicator as I can see the green color of the indicator which can be recognized as a bullish signal especially because the price is heading over the zero's level.
Now analyzing the Market emotion indicator's signal you may think that the price will fall to test new lower prices because of the red color of the indicator.
And if you took a look on the Guru Angel indicator at this time you can get that the slope is forming a bullish signal for the day as it colored by green and moving below the level of zero as you can see.
I can then recommend the buy orders as it is clear that the price is going to more north level to test the resistance of 93.37 http://bigimage.cz/photos/20141204141767567253743.gif
-
some good buying signals shown today on the hourly chart of the NZDJPY as the price have a Blue 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 above the blue one to act as a buy signal.
it happens also on the QQE indicator that is clear on the chart lines below the fifty levels and showing a buy cross.
We target the area 92.65 by performing buy orders until I can get a new sell cross by the 2 exponential moving averages.
.
http://bigimage.cz/photos/20141204141767600112719.gif
-
After analyzing the NZDJPY I can find a key level at the resistance located at the top performed by the pric at 93 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/20141204141767808129572.gif
-
According to my analysis for the NZDJPY for the day I founds that the price is now below the level 92.72 colored by blue naming a new price for balanced level at MBFX indicator.
Adding this to the bullish signal shown on the vestro indicator by the current time I will bet on the down trend direction .
At this situation I think the support area at 92.57 can be used as the first level to get the profits of selling orders to help save the balance in case of fake trend and then you can target the next levels as you can see at the support located at 92.48 This action could remain strong as long as the price can't be able to break the level of 92.87 which will be a very strong signal about different buying direction under making.
http://bigimage.cz/photos/20141204141767755142273.gif
-
analysis for today 12 / 4 / 2014
NZD/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 92.96
Retracement (50%) 92.89
retracement (61,8%) 92.82
Extensions (61.8%) 93.52
Extensions (100.0%) 93.73
Extensions (138.2%) 93.94
Extensions (161.8%) 94.08
calculation based on a Fibonacci retracement then today I choose buy
-
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 upper edge of the donchain channel that could be considered as a signal for going south The Awesome oscillator shows a red bar above the level of 0 that indicates a sell signal for now.
In mean while the Stostatic indicator shows a bearish signal by having a sell cross as the lines near the level of 80 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/20141205141776066204228.gif
-
The blue line comes above the red line on the momentum cross on the chart of the NZDJPY pair by now which is a good signal for buying 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 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 upward 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 buy signals.
http://bigimage.cz/photos/20141205141775965740464.gif
-
After analyzing the NZDJPY I can find a key level at the support located at the bottom performed by the pric at 92.75 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/20141205141776261456546.gif
-
The down trend taking place at the moment on the NZDJPY is taking place according to where the EMAs 5 and 6 which is Above the EMA 35 as a result to that taking buy orders would be the best if a bullish direction confirmation came from the other indicators .
According to the parabolic sar indicator’s dots located Above the candles we assume that the price would be taking a downward direction as for the MACD which is currently moving above the 0 level it does give us a buy signal .
Also the CCI line is currently in the higher level giving us by that upward signal .
So to sum all that up I do believe that unless any bearish signal does appear buying would be the best option available at the moment .
http://bigimage.cz/photos/20141205141776130128000.gif