Eur/Nzd

Eur/nzd technical analysis for 16.11.2012 by using : Auto pivot indicator.

resistance 3:1.5973
resistance 2:1.5891
resistance 1:1.5843

pivot point :1.5761

support 1:1.5713
support 2:1.5631
support 3:1.5583

Elliott: impulse wave up 1.5848
Currently uptrend should end around 1.5895 - 1.5842 area. A correction down to below 1.5714 is expected. A rise above 1.5889 will abort the expected correction.
Warning: Imminent end of bullish move
Technical points
Key point 1.5869
Entry point 1.5805
Elliott 1.5472
Closing 1.5795
Projection 1.5925
Trendline 1.5688
Trendline 1.5810
Supports / Resistances
Res 2 1.5889
Ex-High 1.5809
Res 1 1.5842
Pivot 1.5761
Sup 1 1.5714
Ex-Low 1.5681
Sup 2 1.5633

eur/nzd technical analysis by using average directional movement index

adx : 21.4279
+di : 17.2773
-di : 32.4646
timeframe : 1 hour

time : 1900
date : 16.11.2012

Scenario for next week
Elliott: zigzag or flat correction 1.5805
Currently uptrend should end around 1.5746 - 1.5838 area. A correction down to 1.5578 - 1.5500 is expected. A rise above 1.5992 will abort the expected correction.
Technical points
Key point 1.5727
Entry point 1.5607
Elliott 1.5392
Closing 1.5683
Projection 1.5805
Trendline 1.5471
Trendline 1.5551
Supports / Resistances
Res 2 1.5992
Ex-High 1.5809
Res 1 1.5838
Pivot 1.5655
Sup 1 1.5500
Ex-Low 1.5472
Sup 2 1.5317

The bearish still here (as long as the price can / still move bellow that 23.6 fibo = 1.5698), And yes, search for sell is better with Sl above that 23.6 fibo = 1.5698. On my see - price probably down to re-test again to near that 38.2 fibo at 1.5637

Scenario for today
Elliott: flat correction down 1.5600
There is bearish potential for a fall to 1.5644 while 1.5721 - 1.5741 resist. After this fall a recovery up to 1.5741 or 1.5761 is expected.
Warning: Harami
Technical points
Key point 1.5665
Entry point 1.5729
Elliott 1.5809
Closing 1.5683
Projection 1.5600
Trendline 1.5750
Trendline 1.5751
Supports / Resistances
Res 2 1.5838
Ex-High 1.5798
Res 1 1.5761
Pivot 1.5721
Sup 1 1.5644
Ex-Low 1.5681
Sup 2 1.5604

Today’s technical analysis

Resistance 3- 1.5871
Resistance 2- 1.5832
Resistance 1- 1.5755
Pivot point- 1.5716
Support 1- 1.5639
Support 2- 1.5600
Support 3- 1.5523

Price is having a good support at 1.5639 and now it will try to make a hammer candlestick pattern in h4 chart if this level is can not break then we can see up movement and price will touch 1.5795

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

adx : 25.9965
+di : 20.9262
-di : 22.2420
timeframe : 1 hour

time : 0400
date : 19-11-2012

Eur/nzd technical analysis for 19.11.2012 by using : Auto pivot indicator.

resistance 3:1.5884
resistance 2:1.5841
resistance 1:1.5761

pivot point :1.5718

support 1:1.5638
support 2:1.5595
support 3:1.5515

Today’s technical analysis ( daily time frame-20-11-12)

Resistance 3- 1.5791
Resistance 2- 1.5748
Resistance 1- 1.5684

Pivot point- 1.5641

Support 1- 1.5577
Support 2- 1.5534
Support 3- 1.5470

price 1.5577 is a strong support i don’t think that price will break this support if day price will move 1.5641 we can go for long.