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After analyzing the NZDJPY I can find a key level at the resistance located at the top performed by the pric at 93.25 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 below by getting it's dots up 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 91.75 2222 as it may stop the direction and the price may start heading north after facing it.
http://bigimage.cz/photos/20141215141863753156178.gif
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I think that in the case of breaking the support level at 91.76, we can get in short position with take profit at 89.91.
http://i.imgur.com/AUbPgcj.png
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http://i.imgur.com/6KFGtiD.png
analysis for today 12 / 16 / 2014
NZD/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 91.42
Retracement (50%) 91.59
retracement (61,8%) 91.76
Extensions (61.8%) 90.00
Extensions (100.0%) 89.46
Extensions (138.2%) 88.92
Extensions (161.8%) 88.58
calculation based on a Fibonacci retracement then today I choose sell
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The 50.0 level of fibonacci ratios at 91.59 will make the price fall that's why I advise you to get in short position with take profit at 89.93.
http://i.imgur.com/ldR3exa.png
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http://i.imgur.com/6KFGtiD.png
analysis for today 12 / 17 / 2014
NZD/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 96.12
Retracement (50%) 95.25
retracement (61,8%) 94.38
Extensions (61.8%) 103.48
Extensions (100.0%) 106.29
Extensions (138.2%) 109.10
Extensions (161.8%) 110.84
calculation based on a Fibonacci retracement then today I choose sell
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analysis for today 12 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDJPY on the date 12 / 18 / 2014
OPEN 91.37
HIGH 92.38
LOW 91.15
CLOSED 92.22
The third resistance (R3) 92.38 - ( 91.92 - 91.15 = 0.77 x 2 = 1.53 )= 93.91
The second Resistance (R2) 91.92 + 92.38 - 91.15 = 93.15
First resistance (R1) 91.92 x 2 = 183.83 - 91.15 = 92.68
pivot points 92.38 + 91.15 + 92.22 = 275.75 / 3 = 91.92
Support for the first (S1) 91.92 x 2 = 183.83 - 92.38 = 91.45
Support second (S2) 91.92 - ( 92.38 - 91.15 = 1.23 ) = 90.69
Third Support (S3) 91.15 - ( 92.38 - 91.92 = 0.46 x 2 = 0.93 )= 90.22
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http://i.imgur.com/6KFGtiD.png
analysis for today 12 / 19 / 2014
NZD/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 91.62
Retracement (50%) 91.77
retracement (61,8%) 91.91
Extensions (61.8%) 90.39
Extensions (100.0%) 89.92
Extensions (138.2%) 89.45
Extensions (161.8%) 89.16
calculation based on a Fibonacci retracement then today I choose sell
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http://prntscr.com/5jm8wo
analysis for today 12 / 22 / 2014
NZD/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 92.67
Retracement (50%) 92.57
retracement (61,8%) 92.47
Extensions (61.8%) 93.49
Extensions (100.0%) 93.80
Extensions (138.2%) 94.11
Extensions (161.8%) 94.31
calculation based on a Fibonacci retracement then today I choose buy
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analysis for today 12 / 22 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDJPY on the date 12 / 19 / 2014
OPEN 92.20
HIGH 92.98
LOW 92.16
CLOSED 92.54
The third resistance (R3) 92.98 - ( 92.56 - 92.16 = 0.40 x 2 = 0.80 )= 93.78
The second Resistance (R2) 92.56 + 92.98 - 92.16 = 93.38
First resistance (R1) 92.56 x 2 = 185.12 - 92.16 = 92.96
pivot points 92.98 + 92.16 + 92.54 = 277.68 / 3 = 92.56
Support for the first (S1) 92.56 x 2 = 185.12 - 92.98 = 92.14
Support second (S2) 92.56 - ( 92.98 - 92.16 = 0.82 ) = 91.74
Third Support (S3) 92.16 - ( 92.98 - 92.56 = 0.42 x 2 = 0.84 )= 91.32
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I think that we can get in short position from the resistance level at 92.98 with targets up to 92.05 and 91.77.
http://i.imgur.com/p4XYHis.png