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analysis for today 5 / 12 / 2014
NZD/USD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.8624
Retracement (50%) 0.8630
retracement (61,8%) 0.8636
Extensions (61.8%) 0.8576
Extensions (100.0%) 0.8558
Extensions (138.2%) 0.8540
Extensions (161.8%) 0.8528
calculation based on a Fibonacci retracement then today I choose sell
Daily technical analysis for NZDUSD 12/05/2014
NZDUSD one more dip to 0.8610 - 0.8596 is likely followed by a grind higher to 0.8634 - 0.8643. After which it can resume its downtrend.
Key Point 0.8589
Entry Point 0.8605
Trendline 1 0.8623
Trendline 2 0.8605
Support 1 0.8596 Support 2 0.8577
Resistance 1 0.8643 Resistance 2 0.8671
Dail yanalysis for NZDUSD
NZDUSD flat correction down 0.8593, close to daily pivot point 0.8624
Elliott 0.8779
Closing 0.8616
Ex-Low 0.8604
Ex-High 0.8651
Support 1 0.8597
Support 2 0.8576
Resistance 1 0.8642
Resistance 2 0.8670
analysis for today 5 / 13 / 2014
NZD/USD
Resistance : R1 0.8696 R2 0.8721 R3 0.8741 R4 0.8771
Support : S1 0.8556 S2 0.8531 S3 0.8511 S4 0.8481
Open : 0.8622
High : 0.8631
Low : 0.8621
Range : 10 Pips
Running Price : 0.8627
Strategy : SELL at the level 0.8627 stop loss at the level 0.8696 target take profit at the level 0.8511 or at the level 0.8481
analysis for today 5 / 13 / 2014
NZD/USD
Resistance 3 0.8751
Resistance 2 0.8721
Resistance 1 0.8701
Pivot Point 0.8622
Support 1 0.8551
Support 2 0.8531
Support 3 0.8501
BUY STOP 0.8701 STOP LOSS 0.8551 TAKE PROFIT 0.8721
SELL STOP 0.8551 STOP LOSS 0.8701 TAKE PROFIT 0.8531
pair- nzd/usd
chart analysis time frame- m30
http://i59.tinypic.com/2i22bzp.jpg
the rsi indicator is moving out from the overbought level 70 and in the price chart the price is also falling form the daily resistance at 0.8669. if the macd bar is moved below the zero level and giving down trend then its can short with the profit target at 0.8550 and stop loss at the 0.8660
good luck.
analysis for today 5 / 14 / 2014
NZD/USD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.8640
Retracement (50%) 0.8646
retracement (61,8%) 0.8652
Extensions (61.8%) 0.8590
Extensions (100.0%) 0.8571
Extensions (138.2%) 0.8552
Extensions (161.8%) 0.8540
calculation based on a Fibonacci retracement then today I choose sell
NZDUSD
NZD weakness has eased, 4 hour averages system begin to bullish divergence, short-term is expected to get rid of the previous decline to establish a short period of rising prices.
The short-term can consider the opportunity to buy, it is predicted to hit 0.8670 line.
analysis for today 5 / 14 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZD/USD on the date 5 / 13 / 2014
OPEN 0.8622
HIGH 0.8671
LOW 0.8621
CLOSED 0.8630
The third resistance (R3) 0.8671 -( 0.8641 - 0.8621 = 0.0020 x 2 = 0.0039 )= 0.8710
The second Resistance (R2) 0.8641 + 0.8671 - 0.8621 = 0.8691
First resistance (R1) 0.8641 x 2 = 1.7281 - 0.8621 = 0.8660
pivot points 0.8671 + 0.8621 + 0.8630 = 2.5922 / 3 = 0.8641
Support for the first (S1) 0.8641 x 2 = 1.7281 - 0.8671 = 0.8610
Support second (S2) 0.8641 -( 0.8671 - 0.8621 = 0.0050 ) = 0.8591
Third Support (S3) 0.8621 -( 0.8671 - 0.8641 = 0.0030 x 2 = 0.0061 )= 0.8560
pair- nzd/usd
chart analysis time frame- m30
the rsi indicator is still near to 70 level and in the price chart its break the resistance at 0.8669 but up movement is rejecting with making a bearish engulfing candlestick pattern from the resistance at 0.8680. if this is move below the 0.8655 then short with take profit at 0.8630
good luck.