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The 4hr 18 ema(magenta horizontal on 30m) and the 30 ema(blue horizontal on 30m) provide nice levels to watch on this strong downtrend I also had this in since friday. beside this we can see continue three bull candle. a doji is followed by bullish candle so up trend is expected.
Aud/nzd technical analysis for 12.10.2012 by using : Auto pivot indicator.
resistance 3:1.2659
resistance 2:1.2618
resistance 1:1.2587
pivot point :1.2546
support 1:1.2515
support 2:1.2474
support 3:1.2443
couple still pretty long fall, and now there are signs of stopping ... try downtrend channel and here are a couple faced with a horizontal resistance level 1.2565 .. judging by the level of graphics is very important and it will open the way for the breakdown 1.2700 marks and above ..
we have a resistance level on the daily chart @23.6% so i predict that this pair will move downward on the short term our target point will be@0%.
On daily chart the pair is in a falling trend is quite good, and prices are now rolled to the previous level and here we see that while not much to break into the top ... so I expect to continue consolidating and then fall back down .. with the first target 1.2370 ...
it will break the previous low to form a divergence pattern, if the divergence pattern hold maybe the reveal will unfold
Aud/nzd technical analysis for 15.10.2012 by using : Auto pivot indicator.
resistance 3:1.2642
resistance 2:1.2605
resistance 1:1.2561
pivot point :1.2524
support 1:1.2480
support 2:1.2443
support 3:1.2399
Aud/nzd technical analysis for 16.10.2012 by using : Auto pivot indicator.
resistance 3:1.2622
resistance 2:1.2596
resistance 1:1.2560
pivot point :1.2534
support 1:1.2498
support 2:1.2472
support 3:1.2436
aud/nzd technical analysis by using : average directional movement index
+di : 22.2825
-di : 21.7950
adx : 22.2977
timeframe : 1 hour
time : 1000
date : 16.10.2012
Buy AUDNZD@1.25721 | SL:1.25321 | TP:1.26521 | 2012.10.16 06:16 GMT