I think that the resistance level at 2.0234 will make the price fall down to the support level at 1.9720. That's why we can get in short position when the market open.
http://i.imgur.com/UAr1RGY.png
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I think that the resistance level at 2.0234 will make the price fall down to the support level at 1.9720. That's why we can get in short position when the market open.
http://i.imgur.com/UAr1RGY.png
http://prntscr.com/5h0qtv
analysis for today 12 / 15 / 2014
GBP/NZD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 2.0173
Retracement (50%) 2.0150
retracement (61,8%) 2.0127
Extensions (61.8%) 2.0371
Extensions (100.0%) 2.0447
Extensions (138.2%) 2.0523
Extensions (161.8%) 2.0569
calculation based on a Fibonacci retracement then today I choose buy
---------- Post added 12-16-2014 at 03:03 PM ---------- Previous post was 12-15-2014 at 03:38 PM ----------
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analysis for today 12 / 16 / 2014
GBP/NZD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 2.0247
Retracement (50%) 2.0227
retracement (61,8%) 2.0207
Extensions (61.8%) 2.0419
Extensions (100.0%) 2.0485
Extensions (138.2%) 2.0551
Extensions (161.8%) 2.0591
calculation based on a Fibonacci retracement then today I choose buy
I think that the price will break the lower trendline of the triangle. In that case we can get in short position with take profit at 1.9859.
http://i.imgur.com/k5Hvzip.png
pair- gbp/nzd
time frame analysis- h1
http://i62.tinypic.com/2ahrtdg.png
the down movement of the price is hold at the fibo support 78.6 leve and moving up side. if this is break the resistance at 2.0300 then up movement can expected. long with stop loss at the 2.0010 and profit target at 2.0340
good luck
http://prntscr.com/5he2ys
analysis for today 12 / 17 / 2014
GBP/NZD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 2.0351
Retracement (50%) 2.0343
retracement (61,8%) 2.0334
Extensions (61.8%) 2.0426
Extensions (100.0%) 2.0455
Extensions (138.2%) 2.0484
Extensions (161.8%) 2.0501
calculation based on a Fibonacci retracement then today I choose buy
pair- gbp/nzd
time frame analysis- m30
http://i58.tinypic.com/rmmumw.png
the price is break the down trend channel pattern at the resistance side. its moved to the resistane at 2.0375 level and moving down side. its may as correction and a pull up setup can expected. hold the long entry with stop loss at 2.0190
good luck
I think that we can get in short position with take profit at the resistance level at 2.0051.
http://i.imgur.com/XrxTFX2.png
analysis for today 12 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 12 / 18 / 2014
OPEN 2.0207
HIGH 2.0274
LOW 2.0098
CLOSED 2.0175
The third resistance (R3) 2.0274 -( 2.0182 - 2.0098 = 0.0084 x 2 = 0.0169 )= 2.0443
The second Resistance (R2) 2.0182 + 2.0274 - 2.0098 = 2.0358
First resistance (R1) 2.0182 x 2 = 4.0365 - 2.0098 = 2.0267
pivot points 2.0274 + 2.0098 + 2.0175 = 6.0547 / 3 = 2.0182
Support for the first (S1) 2.0182 x 2 = 4.0365 - 2.0274 = 2.0091
Support second (S2) 2.0182 -( 2.0274 - 2.0098 = 0.0176 ) = 2.0006
Third Support (S3) 2.0098 -( 2.0274 - 2.0182 = 0.0092 x 2 = 0.0183 )= 1.9915
http://prntscr.com/5he2ys
analysis for today 12 / 19 / 2014
GBP/NZD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 2.0207
Retracement (50%) 2.0186
retracement (61,8%) 2.0165
Extensions (61.8%) 2.0383
Extensions (100.0%) 2.0450
Extensions (138.2%) 2.0517
Extensions (161.8%) 2.0559
calculation based on a Fibonacci retracement then today I choose buy
pair- gbp/nzd
time frame analysis- m30
http://i59.tinypic.com/2ajdtza.png
the price movement in the down trend side. its continue making lower to low. the price is now down side from the resistance at 2.0165 level. hold the short entry with take profit at 2.0000 and stop loss at the 2.0225
good luck