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analysis for today 5 / 16 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZD/USD on the date 5 / 15 / 2014
OPEN 0.8669
HIGH 0.8697
LOW 0.8629
CLOSED 0.8646
The third resistance (R3) 0.8697 -( 0.8657 - 0.8629 = 0.0028 x 2 = 0.0057 )= 0.8754
The second Resistance (R2) 0.8657 + 0.8697 - 0.8629 = 0.8725
First resistance (R1) 0.8657 x 2 = 1.7315 - 0.8629 = 0.8686
pivot points 0.8697 + 0.8629 + 0.8646 = 2.5972 / 3 = 0.8657
Support for the first (S1) 0.8657 x 2 = 1.7315 - 0.8697 = 0.8618
Support second (S2) 0.8657 -( 0.8697 - 0.8629 = 0.0068 ) = 0.8589
Third Support (S3) 0.8629 -( 0.8697 - 0.8657 = 0.0040 x 2 = 0.0079 )= 0.8550
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Daily technical analysis for NZDUSD 16/05/214
NZDUSD is a triangle configuration. Market should break either side. Acceleration should occur above 0.8696 or under 0.8627 limits.
Key Point 0.8624
Entry Point 0.8660
Trendline 1 0.8623
Trendline 2 0.8643
Support 1 0.8615 Support 2 0.8587
Resistance 1 0.8683 Resistance 2 0.8724
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NZD USD still trading above the strong support level @ 61.8% fibo level for the last bullish wave on the H1 time frame, so more up movements still expected and my next target will be @ 38.2% fibo level @ 0.8680
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pair- nzd/usd
chart analysis time frame- m30
http://i62.tinypic.com/v6locp.jpg
the price is movement can see in the triangle chart pattern. its having a strong support at the 0.8630 level. if this break the support then down movement can see but the macd divergen is reducing so wait to long trade side. if its move above the 0.8650 then long.
good luck.
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Daily analysis NZDUSD
NZDUSD irregular flat correction down 0.8592, close to daily pivot point 0.8655
Elliott 0.8696
Closing 0.8643
Ex-Low 0.8627
Ex-High 0.8696
Support 1 0.8616
Support 2 0.8588
Resistance 1 0.8684
Resistance 2 0.8725
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Weekly technical analysis for NZDUSD
NZDUSD looks more likely that it would rise to 0.8685 - 0.8734 from 0.8622 or 0.8598. After which a downside move is expected.
Key Point 0.8646
Entry Point 0.8643
Trendline 1 0.8651
Trendline 2 0.8654
Support 1 0.8598 Support 2 0.8559
Resistance 1 0.8685 Resistance 2 0.8734
:yahoo:
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Weekly analysis for NZDUSD 19-23 May 2014
NZDUSD flat correction up 0.8689, No Pivot Points have been reached.
Elliott 0.8517
Closing 0.8636
Ex-Low 0.8608
Ex-High 0.8696
Support 1 0.8598
Support 2 0.8558
Resistance 1 0.8685
Resistance 2 0.8735
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1 Attachment(s)
According to what I am seeing today 5/18/2014 at the moment on the pair NZDUSD chart considering that the overall direction is Up I would assume that the price 0.8639 would be the strongest resistance level at the moment and of course if the price bounced from it then it's the best place to sell from but on the other hand if it got broken then buying would be a better option also the strongest support would be at the price 0.8624 where the range would be the strongest until it's broken , then it's the perfect place to sell from. .
Attachment 11025
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analysis for today 5 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZD/USD on the date 5 / 16 / 2014
OPEN 0.8646
HIGH 0.8657
LOW 0.8626
CLOSED 0.8629
The third resistance (R3) 0.8657 -( 0.8637 - 0.8626 = 0.0011 x 2 = 0.0023 )= 0.8680
The second Resistance (R2) 0.8637 + 0.8657 - 0.8626 = 0.8668
First resistance (R1) 0.8637 x 2 = 1.7275 - 0.8626 = 0.8649
pivot points 0.8657 + 0.8626 + 0.8629 = 2.5912 / 3 = 0.8637
Support for the first (S1) 0.8637 x 2 = 1.7275 - 0.8657 = 0.8618
Support second (S2) 0.8637 -( 0.8657 - 0.8626 = 0.0031 ) = 0.8606
Third Support (S3) 0.8626 -( 0.8657 - 0.8637 = 0.0020 x 2 = 0.0039 )= 0.8587
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Daily technical analysis for NZDUSD 19/05/2014
NZDUSD current fall is near an end of wave around 0.8622 zone, a rally should then procede to above 0.8652. Fall below 0.8608 would cancel this scenario.
Key Point 0.8617
Entry Point 0.8626
Trendline 1 0.8655
Trendline 2 0.8615
Support 1 0.8622 Support 2 0.8608
Resistance 1 0.8652 Resistance 2 0.8669