Eur/Nzd

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

adx : 31.2319
+di : 13.1143
-di : 22.0997
timeframe : 1 hour

time : 0400
date : 20-11-2012

Eur/nzd technical analysis for 20.11.2012 by using : Auto pivot indicator.

resistance 3:1.5802
resistance 2:1.5757
resistance 1:1.5692

pivot point :1.5647

support 1:1.5582
support 2:1.5537
support 3:1.5472

From EUR/NZD, good luck for all member of the best indian-forex forum.
The pair continues fluctuating around essential support resistance at 1.7684 and 50%. If the price break short term up trend (1h) it will be a good sign to sell
Target: 1.7405
Image link:
http://i1123.photobucket.com/albums/...1119-08-36.png

the pair as we can see on the chart has success in breaking the level of 1.7300 and reached the level of 1.7270 , that's mean the down trend is standing and the pair might head to 1.7250 then 1.7230

Scenario for today
Elliott: flat correction down 1.5556
One more dip to 1.5615 - 1.5582 is likely followed by a grind higher to 1.5669 - 1.5691. After which it can resume its downtrend.
Warning: Imminent end of bearish move
Technical points
Key point 1.5602
Entry point 1.5641
Elliott 1.5809
Closing 1.5626
Projection 1.5472
Trendline 1.5729
Trendline 1.5665
Supports / Resistances
Res 2 1.5757
Ex-High 1.5713
Res 1 1.5691
Pivot 1.5647
Sup 1 1.5582
Ex-Low 1.5603
Sup 2 1.5538

techincal Analys 20/11/2012 15 min timeframe
Support :
S3 1.5482 S2 1.5521 S1 1.5559
Resistance
R1 1.5670 R2 1.5709 R3 1.5748

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

adx : 24.9919
+di : 19.0656
-di : 11.9963
timeframe : 1 hour

time : 0400
date : 21.11.2012

Eur/nzd technical analysis for 21.11.2012 by using : Auto pivot indicator.

resistance 3:1.5891
resistance 2:1.5810
resistance 1:1.5748

pivot point :1.5667

support 1:1.5605
support 2:1.5524
support 3:1.5462

EURNZD is potentially making head and shoulder pattern and the price at the moment can't pass resistance 1.5715 area. I think seller is still dominate the market and possibly push the price lower towards support 1.5400 area.

Quote:

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Originally Posted by arjun

Evaluation
if yesterday did not open a position. These days the trend is also clearly visible yet.
but I 'll try to take buy position, because the dominant marbels is green marbles.

Money Management (MM):
Use multilevel lot. ...Lot Position 3 > lot position 2 > lot position 1.
Stop Loss and Target Propit up to you, but i like to cut loss and cut profits.

Image link:
http://i1123.photobucket.com/albums/...1122-23-21.png

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neurons pair kafi time se sideways trend me chal raha hai
1.7600 pe iska 1 support hai aur 1.7700 pe iska 1 resistence jisse ye kafi time se nahi tod pa raha hai..
abhi iske liye kuch nahi kaha ja sakta..mere khayal se hume in values ke break hone ka intezar karna chahaiy Dear brother please correct answer tall me.