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analysis for today 10 / 8 / 2014
NZD/USD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.7816
Retracement (50%) 0.7827
retracement (61,8%) 0.7838
Extensions (61.8%) 0.7726
Extensions (100.0%) 0.7692
Extensions (138.2%) 0.7658
Extensions (161.8%) 0.7636
calculation based on a Fibonacci retracement then today I choose sell
Monitoring the NZDUSD chart today I realized that a bullish trend is taking place and that’s because of the green arrow shown on the chart also the price 0.7795 which is considered a top is a matter of fact the strong support preventing the price from penetrating it and heading below it and that is of course if the trend kept heading strongly in the bullish direction.
The parabolic sar dots however is currently appearing below the candle sticks meaning the price would be heading up for quite some time.
If we are to be taking buying trades as the main trades then the resistance 0.7925 would be the best as initial taking profit position and also there is a great chance for the price to head south after reaching it.
http://bigimage.cz/photos/20141009141281672813475.gif .
Since the price is above the EMA indicator signal on the NZDUSD chart i do think that the price would be forming a bullish trend for the rest of the day.
The RSI indicator however shows a buy signal because of the line which currently reside a position above the 35 line.
For more confirmation i believe that the green lines which are going up would tell us that the bulls are the ones controlling the market at the moment and it would be wise to take that into consideration.
Summing all that up the bulls would be a really good choice for us to follow but that of course until we face an opposite sell signal to get out of the trade that of course when the price becomes located below the wave in the EMA indicator.
http://bigimage.cz/photos/20141009141282321995407.gif .
On the NZDUSD hourly chart we can see that a week bullish trend is happening as the Blade oscillator is now at the 0.003 area above the level of balance and also the indicator is colored in blue that is a week indication of bullish direction on the short term. Another buy signal is shown on the moving average indicator as it is heading upward to let me think that the last bottom performed at 0.792 could be a good place to set any buy position's stop loss level at. http://bigimage.cz/photos/20141009141282492336314.gif
As you can see on the NZDUSD chart in front of us the blue line’s position in the moment indicator is above the red line which means a good buying signal should be occurring also the blue color shown in the oracle strength indicator means that a upwards direction signal is going to take place.
The oracle direction indicator could serve as a filtering tool with the blue colors shown on the arrows meaning that a upward signal would be taking place in short term trades.
Summing all that up in my opinion I do think that the trend would be taking a upward direction but that can only happen if the moment buy cross was taking place on the chart And as long as the ATR indicator keeps showing buying signals then without doubt the buy trades would be a better choice for entry.
http://bigimage.cz/photos/20141009141282828207871.gif .
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analysis for today 10 / 9 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZD/USD on the date 10 / 8 / 2014
OPEN 0.7833
HIGH 0.7913
LOW 0.7782
CLOSED 0.7905
The third resistance (R3) 0.7913 -( 0.7867 - 0.7782 = 0.0085 x 2 = 0.0169 )= 0.8082
The second Resistance (R2) 0.7867 + 0.7913 - 0.7782 = 0.7998
First resistance (R1) 0.7867 x 2 = 1.5733 - 0.7782 = 0.7951
pivot points 0.7913 + 0.7782 + 0.7905 = 2.3600 / 3 = 0.7867
Support for the first (S1) 0.7867 x 2 = 1.5733 - 0.7913 = 0.7820
Support second (S2) 0.7867 -( 0.7913 - 0.7782 = 0.0131 ) = 0.7736
Third Support (S3) 0.7782 -( 0.7913 - 0.7867 = 0.0046 x 2 = 0.0093 )= 0.7689
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analysis for today 10 / 9 / 2014
NZD/USD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 0.7863
Retracement (50%) 0.7848
retracement (61,8%) 0.7832
Extensions (61.8%) 0.7994
Extensions (100.0%) 0.8044
Extensions (138.2%) 0.8094
Extensions (161.8%) 0.8125
calculation based on a Fibonacci retracement then today I choose buy
pair- nzd/usd
analysis time frame- m15
http://i57.tinypic.com/w227tc.jpg
the price is break the daily pivot support at 0.7867 level but not able to move below at 0.7850. the rsi is moving out side from the oversold level 30. if this is break moving average 14 then up movement can see to the resistance at 0.7935. long with stop loss at the 0.7830
good luck
As you can see on the NZDUSD chart in front of us the blue line’s position in the moment indicator is below the red line which means a good selling signal should be occurring also the red color shown in the oracle strength indicator means that a downwards direction signal is going to take place.
The oracle direction indicator could serve as a filtering tool with the red colors shown on the arrows meaning that a downward signal would be taking place in short term trades.
Summing all that up in my opinion I do think that the trend would be taking a downward direction but that can only happen if the moment sell cross was taking place on the chart And as long as the ATR indicator keeps showing selling signals then without doubt the sell trades would be a better choice for entry.
http://bigimage.cz/photos/20141010141290107104545.gif .
When we take a look on the chart of the EURGBP we will find the up trend on the hourly chart as the GANN SSI indicator heading upward and also showing a green color.
Because of this signal we will go for the buy orders for the current day in case that the price didn’t break the support area that shown by the white grid at the price of supp In addition to that there is a signal that should be careful about on the Range indicator that has a sell range red colored to indicate a sell direction.
At last using the signals of Filter indicator can’t be neglected also there is a red bar on the indicator to show that you can saftley enter the buy trades for now.
XAGUSD