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hanji ye pair kaafi dino se down he jaara hai aur esne sab supports ko break kar diya hai aur ab aap jo upward ki baat kar rahein hai wo eska retracement type he mujhe kuch lag raha hai baaki forex market mein exactly kya hona ye koi nahi bata sakta..Quote:
Originally Posted by Asiffx
pair- nzd/usd
chart analysis time frame- m30
http://i59.tinypic.com/9ro9c2.jpg
the down trend of the price is having been break and now the up movement can expected. but its not able to break the fibo resistance 61.8 level at the 0.8475. the rsi is also showing oversold so it may falling. if this is move below the 0.8435 level then short with profit target at 0.8400
good luck.
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analysis for today 6 / 6 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZD/USD on the date 6 / 5 / 2014
OPEN 0.8423
HIGH 0.8514
LOW 0.8420
CLOSED 0.8501
The third resistance (R3) 0.8514 -( 0.8478 - 0.8420 = 0.0058 x 2 = 0.0117 )= 0.8631
The second Resistance (R2) 0.8478 + 0.8514 - 0.8420 = 0.8572
First resistance (R1) 0.8478 x 2 = 1.6957 - 0.8420 = 0.8537
pivot points 0.8514 + 0.8420 + 0.8501 = 2.5435 / 3 = 0.8478
Support for the first (S1) 0.8478 x 2 = 1.6957 - 0.8514 = 0.8443
Support second (S2) 0.8478 -( 0.8514 - 0.8420 = 0.0094 ) = 0.8384
Third Support (S3) 0.8420 -( 0.8514 - 0.8478 = 0.0036 x 2 = 0.0071 )= 0.8349
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analysis for today 6 / 6 / 2014
NZD/USD
Resistance : R1 0.8558 R2 0.8583 R3 0.8603 R4 0.8633
Support : S1 0.8466 S2 0.8441 S3 0.8421 S4 0.8391
Open : 0.8502
High : 0.8541
Low : 0.8483
Range : 58 Pips
Running Price : 0.8526
Strategy : SELL at the level 0.8526 stop loss at the level 0.8558 target take profit at the level 0.8421 or at the level 0.8391
http://prntscr.com/3q72hj
analysis for today 6 / 6 / 2014
NZD/USD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.8456
Retracement (50%) 0.8467
retracement (61,8%) 0.8478
Extensions (61.8%) 0.8362
Extensions (100.0%) 0.8326
Extensions (138.2%) 0.8290
Extensions (161.8%) 0.8268
calculation based on a Fibonacci retracement then today I choose sell
pair- nzd/usd
chart analysis time frame- m30
http://i58.tinypic.com/zxlngz.jpg
the up movement of the price is rejecting from the resistance at 0.8540 level and break the moving average 14 support at 0.8518. the rsi is also giving down movement signal. short with profit target at the 0.8460 and stop loss at the 0.8550
good luck
http://prntscr.com/3r02fe
analysis for today 6 / 9 / 2014
NZD/USD
Resistance : R1 0.8558 R2 0.8583 R3 0.8603 R4 0.8633
Support : S1 0.8466 S2 0.8441 S3 0.8421 S4 0.8391
Open : 0.8502
High : 0.8541
Low : 0.8483
Range : 58 Pips
Running Price : 0.8526
Strategy : BUY at the level 0.8526 stop loss at the level 0.8466 target take profit at the level 0.8603 or at the level 0.8633
http://prntscr.com/3qfhjx
analysis for today 6 / 9 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZD/USD on the date 6 / 6 / 2014
OPEN 0.8502
HIGH 0.8556
LOW 0.8483
CLOSED 0.8502
The third resistance (R3) 0.8556 -( 0.8514 - 0.8483 = 0.0031 x 2 = 0.0061 )= 0.8617
The second Resistance (R2) 0.8514 + 0.8556 - 0.8483 = 0.8587
First resistance (R1) 0.8514 x 2 = 1.7027 - 0.8483 = 0.8544
pivot points 0.8556 + 0.8483 + 0.8502 = 2.5541 / 3 = 0.8514
Support for the first (S1) 0.8514 x 2 = 1.7027 - 0.8556 = 0.8471
Support second (S2) 0.8514 -( 0.8556 - 0.8483 = 0.0073 ) = 0.8441
Third Support (S3) 0.8483 -( 0.8556 - 0.8514 = 0.0042 x 2 = 0.0085 )= 0.8398
pair- nzd/usd
chart analysis time frame- m30
http://i61.tinypic.com/14mxfnk.jpg
the price is making head and shoulder chart pattern with having the support at 0.8510 level. the macd indicator is also giving short trend signal and the rsi is also oversold. short with the profit target at 0.8460 and stop loss at the 0.8534
good luck
http://prntscr.com/3r5af9
analysis for today 6 / 9 / 2014
NZD/USD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.8511
Retracement (50%) 0.8520
retracement (61,8%) 0.8528
Extensions (61.8%) 0.8438
Extensions (100.0%) 0.8410
Extensions (138.2%) 0.8382
Extensions (161.8%) 0.8365
calculation based on a Fibonacci retracement then today I choose sell