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analysis for today 10 / 14 / 2014
NZD/USD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.8655
Retracement (50%) 0.8663
retracement (61,8%) 0.8671
Extensions (61.8%) 0.8587
Extensions (100.0%) 0.8561
Extensions (138.2%) 0.8535
Extensions (161.8%) 0.8519
calculation based on a Fibonacci retracement then today I choose sell
pair- nzd/usd
analysis time frame- m15
http://i57.tinypic.com/2cp6w4k.jpg
the price has been break the strong support at the 0.7862 level. price is making equal low but the macd divergen is lower to high side. if this is break the 0.7840 level then it will falling down to the 0.7800 level. short with the stop loss at 0.7895
good luck
On the NZDUSD hourly chart we can see that a strong bearish trend is happening as the Blade oscillator is now at the 0.0015 area below the level of balance and also the indicator is colored in red that is a strong indication of bearish direction on the short term. Another sell signal is shown on the moving average indicator as it is heading downward to let me think that the last top performed at 0.7837 could be a good place to set any sell position's stop loss level at. http://bigimage.cz/photos/20141015141332806866529.gif
for the NZDUSD pair the price now upper than the EMA line of 15.
Which can be a good sign for bullish trend for the current day.
The power line indicator is now below the 50 th level which can be an indication for a good downward direction of the signal.
At last one thing can be added is the power momentum indicator that shows a low power of the bullish trend and that can be used as a filter to filter the entry of buy positions.
http://bigimage.cz/photos/20141015141332808298253.gif .
On the chart of the USDCHF there is a main down trend signal as the 2 EMA 5 and 6 are moving below the slow EMA of 35 and if the other indicators confirm a bearish direction then i will go for sell positions.
For the Parabolic sar indicator there a dot above the candles that indicates a downward direction in addition to that we can see a sell signal on the MACD indicator that is moving below the level 0 beside that the CCI line is located at the lower level to perform a downward signal.
As a conclusion and according to the EMA locations sell positions are my choice for today unless the price shows an opposite bullish signals.
http://bigimage.cz/photos/20141015141333491124753.gif .
http://i59.tinypic.com/kd0rcx.jpg
Pair: NZDUSD
Type of analysis: Technical
Time frame: H1
Channel line: Bearish under pivot
Fibonacci Indicator: Bearish expansion
William %R Indicator: Bearish (swing low)
Final decision: Bearish
http://prntscr.com/4wbjm0
analysis for today 10 / 15 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZD/USD on the date 10 / 14 / 2014
OPEN 0.7891
HIGH 0.7916
LOW 0.7820
CLOSED 0.7842
The third resistance (R3) 0.7916 -( 0.7859 - 0.7820 = 0.0039 x 2 = 0.0079 )= 0.7995
The second Resistance (R2) 0.7859 + 0.7916 - 0.7820 = 0.7955
First resistance (R1) 0.7859 x 2 = 1.5719 - 0.7820 = 0.7899
pivot points 0.7916 + 0.7820 + 0.7842 = 2.3578 / 3 = 0.7859
Support for the first (S1) 0.7859 x 2 = 1.5719 - 0.7916 = 0.7803
Support second (S2) 0.7859 -( 0.7916 - 0.7820 = 0.0096 ) = 0.7763
Third Support (S3) 0.7820 -( 0.7916 - 0.7859 = 0.0057 x 2 = 0.0113 )= 0.7707
pair- nzd/usd
analysis time frame- m15
http://i61.tinypic.com/244cpy1.jpg
the price is showing overbought with the rsi indicator and price is move to the daily resistance level two at 0.7955. the price may be falling down side and making a pull up from the support at 0.7890 level. hold the long entry with stop loss at pivot point 0.7859
good luck
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 0.782 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 0.8 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/20141015141340952123203.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/20141016141341205142361.gif .