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analysis for today 10 / 28 / 2014
NZD/USD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.7867
Retracement (50%) 0.7874
retracement (61,8%) 0.7881
Extensions (61.8%) 0.7811
Extensions (100.0%) 0.7790
Extensions (138.2%) 0.7769
Extensions (161.8%) 0.7755
calculation based on a Fibonacci retracement then today I choose sell
On the NZDUSD chart for today the price appears to move in upward trend as a blue dots appear below the bars and as the price still higher than the strong resistance of 0.7754 which is also the weekly pivot point and it is likely for the price to keep going north unless it hit the weekly pivot resistance at 0.7994 On the other hand if the price breaks the 0.7754 support and also get a bearish signals by a red colored dots it is expected to keep going south till the 0.7653 support as the next weekly pivot level.
http://bigimage.cz/photos/20010109979080924969421.gif .
Daily forecast: NZDUSD 29 Oct. 2014.
Technical analysis for Daily forecast of NZDUSD 29 October, 2014. In Daily chart NZDUSD is flat. At present NZDUSD on the pivot point. It is important to break support or resistance levels to identify the trend. Previous record shows NZDUSD buy from 3rd support level.
Pivot: 0.79193
Resistance levels
R1 0.79560
R2 0.79940
R3 0.80307
R4 0.80675
Support levels
S1 0.78813
S2 0.78446
S3 0.78066
S4 0.77687
Attachment 12059
On the chart of the USDCHF there is a main up trend signal as the 2 EMA 5 and 6 are moving Above the slow EMA of 35 and if the other indicators confirm a bullish direction then i will go for buy 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 buy signal on the MACD indicator that is moving above the level 0 beside that the CCI line is located at the Higher level to perform a upward signal.
As a conclusion and according to the EMA locations buy positions are my choice for today unless the price shows an opposite bearish signals.
http://bigimage.cz/photos/20010110979113304205026.gif .
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analysis for today 10 / 29 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZD/USD on the date 10 / 28 / 2014
OPEN 0.7893
HIGH 0.7957
LOW 0.7883
CLOSED 0.7919
The third resistance (R3) 0.7957 -( 0.7920 - 0.7883 = 0.0037 x 2 = 0.0073 )= 0.8030
The second Resistance (R2) 0.7920 + 0.7957 - 0.7883 = 0.7994
First resistance (R1) 0.7920 x 2 = 1.5839 - 0.7883 = 0.7956
pivot points 0.7957 + 0.7883 + 0.7919 = 2.3759 / 3 = 0.7920
Support for the first (S1) 0.7920 x 2 = 1.5839 - 0.7957 = 0.7882
Support second (S2) 0.7920 -( 0.7957 - 0.7883 = 0.0074 ) = 0.7846
Third Support (S3) 0.7883 -( 0.7957 - 0.7920 = 0.0037 x 2 = 0.0075 )= 0.7808
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/20010110979115094204369.gif .
for the NZDUSD pair the price now lower than the EMA line of 15.
Which can be a good sign for bearish trend for the current day.
The power line indicator is now above the 50 th level which can be an indication for a good upward direction of the signal.
At last one thing can be added is the power momentum indicator that shows a high power of the bearish trend and that can be used as a filter to filter the entry of sell positions.
http://bigimage.cz/photos/20010110979115951125151.gif .
NZD/USD - The NZDUSD currency pair is often called 'The Kiwi', as the $1 coin of the currency depicts a kiwi bird. It is one of the 10 most-traded currencies in the world, and gained considerable appeal during the multi-decade commodity boom that took place around the globe. Kiwi appreciation had gotten so high that the Reserve Bank of New Zealand began intervention efforts in 2012, seeking to devalue New Zealand Dollar.
On the NZDUSD hourly chart we can see that a week bullish trend is happening as the Blade oscillator is now at the 0.0016 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 0.7932 could be a good place to set any buy position's stop loss level at. http://bigimage.cz/photos/20010110979116688152581.gif
As you can see on the NZDUSD chart in front of you the price direction is bullish and that is because of the up channel taking place According to the Donchin channel on the chart the Top side of the channel was the last level to be hit by a candle which means that if a trade is to opened now a sell order would be recommended and the low side would be considered as a take profit As for the Awesome oscillator's signs it appears that the trend is going to be bullish one and that is because the Awesome oscillator is giving a green sign above the 0 level Also the stostatic is makes a buy cross near the 80 th level which means a bullish trend will be taking place As a conclusion I recommend a sell order as soon as you get a confirmation from the stostatic and the awesome oscillator targeting the low level of the Donchin cannel http://bigimage.cz/photos/20010110979114982800594.gif