Nzd/Cad

Nzd/cad technical analysis for 12.10.2012 by using : Auto pivot indicator.

resistance 3:0.8070
resistance 2:0.8052
resistance 1:0.8026

pivot point :0.8008

support 1:0.7982
support 2:0.7964
support 3:0.7938

Nzd/cad technical analysis for 15.10.2012 by using : Auto pivot indicator.

resistance 3:0.8085
resistance 2:0.8059
resistance 1:0.8035

pivot point :0.8009

support 1:0.7985
support 2:0.7959
support 3:0.7935

I think that the pair NZD / CAD more likely to fall than to rise .... pair broke an important support level on the 4 hour chart and is now trading at 0.8030 to consolidate, but keeps the level .. I think a lot of excitement in the market below 0.7960 the pair will go .. :good:

i think that NZDCAD will move downward on the short term so i suggest selling this pair now as we have a resistance level on the daily chart @61.8% our target point will be@50%.

Nzd/cad technical analysis for 16.10.2012 by using : Auto pivot indicator.

resistance 3:0.8120
resistance 2:0.8076
resistance 1:0.8053

pivot point :0.8009

support 1:0.7986
support 2:0.7942
support 3:0.7919

Nzd/cad technical analysis for 17.10.2012 by using : Auto pivot indicator.

resistance 3:0.8108
resistance 2:0.8076
resistance 1:0.8054

pivot point :0.8022

support 1:0.8000
support 2:0.7968
support 3:0.7946

Nzd/cad technical analysis for 18.10.2012 by using : Auto pivot indicator.

resistance 3:0.8126
resistance 2:0.8105
resistance 1:0.8071

pivot point :0.8050

support 1:0.8016
support 2:0.7995
support 3:0.7961

The NZDCAD pair on look bearish, The Candle (on 4H TF look) now move to probably re-test that pivot line at 0.8018. I see this can be a nice formation for search sell with minimum TP to near that pivot 0.8018 of course. Then, please pay attention for probably breakout price to that pivot 0.8018. if that happen i think will more probably bearish

nzd/cad technical analysis by using : average directional movement index

adx : 20.9536
+di : 24.0964
-di : 12.4804
timeframe : 1 hour

time : 1700
date : 18.10.2012

Nzd/cad technical analysis for 19.10.2012 by using : Auto pivot indicator.

resistance 3:0.8145
resistance 2:0.8112
resistance 1:0.8089

pivot point :0.8056

support 1:0.8033
support 2:0.8000
support 3:0.7977