There is a strong resistance at 1.9738 that's why i think this is the end of the uptrend mouvement from 1.9603.
I advise you to open a sell deal with take profit at 1.9603 and stop loss at 1.9745.
http://i.imgur.com/3oIECFx.png
Printable View
There is a strong resistance at 1.9738 that's why i think this is the end of the uptrend mouvement from 1.9603.
I advise you to open a sell deal with take profit at 1.9603 and stop loss at 1.9745.
http://i.imgur.com/3oIECFx.png
http://prntscr.com/4e7zo8
analysis for today 8 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 8 / 18 / 2014
OPEN 1.9704
HIGH 1.9749
LOW 1.9673
CLOSED 1.9725
The third resistance (R3) 1.9749 -( 1.9716 - 1.9673 = 0.0043 x 2 = 0.0085 )= 1.9834
The second Resistance (R2) 1.9716 + 1.9749 - 1.9673 = 1.9792
First resistance (R1) 1.9716 x 2 = 3.9431 - 1.9673 = 1.9758
pivot points 1.9749 + 1.9673 + 1.9725 = 5.9147 / 3 = 1.9716
Support for the first (S1) 1.9716 x 2 = 3.9431 - 1.9749 = 1.9682
Support second (S2) 1.9716 -( 1.9749 - 1.9673 = 0.0076 ) = 1.9640
Third Support (S3) 1.9673 -( 1.9749 - 1.9716 = 0.0033 x 2 = 0.0067 )= 1.9606
http://prntscr.com/4e8q7x
analysis for today 8 / 19 / 2014
GBP/NZD
Resistance : R1 1.9785 R2 1.9810 R3 1.9830 R4 1.9860
Support : S1 1.9760 S2 1.9735 S3 1.9715 S4 1.9685
Open : 1.9724
High : 1.9835
Low : 1.9710
Range : 125 Pips
Running Price : 1.9798
Strategy : BUY at the level 1.9798 stop loss at the level 1.9760 target take profit at the level 1.9830 or at the level 1.9860
http://prntscr.com/4ee7ll
analysis for today 8 / 19 / 2014
GBP/NZD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.9702
Retracement (50%) 1.9711
retracement (61,8%) 1.9720
Extensions (61.8%) 1.9626
Extensions (100.0%) 1.9597
Extensions (138.2%) 1.9568
Extensions (161.8%) 1.9550
calculation based on a Fibonacci retracement then today I choose sell
http://prntscr.com/4emc2u
analysis for today 8 / 20 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 8 / 19 / 2014
OPEN 1.9724
HIGH 1.9835
LOW 1.9649
CLOSED 1.9730
The third resistance (R3) 1.9835 -( 1.9738 - 1.9649 = 0.0089 x 2 = 0.0178 )= 2.0013
The second Resistance (R2) 1.9738 + 1.9835 - 1.9649 = 1.9924
First resistance (R1) 1.9738 x 2 = 3.9476 - 1.9649 = 1.9827
pivot points 1.9835 + 1.9649 + 1.9730 = 5.9214 / 3 = 1.9738
Support for the first (S1) 1.9738 x 2 = 3.9476 - 1.9835 = 1.9641
Support second (S2) 1.9738 -( 1.9835 - 1.9649 = 0.0186 ) = 1.9552
Third Support (S3) 1.9649 -( 1.9835 - 1.9738 = 0.0097 x 2 = 0.0194 )= 1.9455
http://prntscr.com/4ejjkz
analysis for today 8 / 20 / 2014
GBP/NZD
Resistance : R1 1.9775 R2 1.9800 R3 1.9820 R4 1.9850
Support : S1 1.9668 S2 1.9643 S3 1.9623 S4 1.9593
Open : 1.9729
High : 1.9743
Low : 1.9700
Range : 43 Pips
Running Price : 1.9726
Strategy : BUY at the level 1.9726 stop loss at the level 1.9668 target take profit at the level 1.9820 or at the level 1.9850
the price is faceing a resistance level at 1.9831 that's why i think that we should wait and see what will heppen there.
if the price break this resistance than we can buy with take profit at 1.9957, and if the the price failed in breaking it than we can sell with take profit at 1.9738.
http://i.imgur.com/Ux3a76W.png
http://prntscr.com/4ew3o4
analysis for today 8 / 21 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 8 / 20 / 2014
OPEN 1.9729
HIGH 1.9841
LOW 1.9700
CLOSED 1.9815
The third resistance (R3) 1.9841 -( 1.9785 - 1.9700 = 0.0085 x 2 = 0.0171 )= 2.0012
The second Resistance (R2) 1.9785 + 1.9841 - 1.9700 = 1.9926
First resistance (R1) 1.9785 x 2 = 3.9571 - 1.9700 = 1.9871
pivot points 1.9841 + 1.9700 + 1.9815 = 5.9356 / 3 = 1.9785
Support for the first (S1) 1.9785 x 2 = 3.9571 - 1.9841 = 1.9730
Support second (S2) 1.9785 -( 1.9841 - 1.9700 = 0.0141 ) = 1.9644
Third Support (S3) 1.9700 -( 1.9841 - 1.9785 = 0.0056 x 2 = 0.0111 )= 1.9589
http://prntscr.com/4evcdz
analysis for today 8 / 21 / 2014
GBP/NZD
Resistance : R1 1.9884 R2 1.9909 R3 1.9929 R4 1.9959
Support : S1 1.9783 S2 1.9758 S3 1.9738 S4 1.9708
Open : 1.9816
High : 1.9858
Low : 1.9809
Range : 49 Pips
Running Price : 1.9839
Strategy : BUY at the level 1.9839 stop loss at the level 1.9783 target take profit at the level 1.9929 or at the level 1.9959
http://prntscr.com/4ezhhq
analysis for today 8 / 21 / 2014
GBP/NZD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.9787
Retracement (50%) 1.9771
retracement (61,8%) 1.9754
Extensions (61.8%) 1.9928
Extensions (100.0%) 1.9982
Extensions (138.2%) 2.0036
Extensions (161.8%) 2.0069
calculation based on a Fibonacci retracement then today I choose buy