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pair- nzd/usd
analysis time frame- m15
http://i57.tinypic.com/209rjtk.jpg
the price is moving up along the supporting trend line. this is break the daily resistance level one at 0.7957 and the rsi indicator is showing overbought. here a correction can expected but if break the 0.7940 then short with take profit at 0.7885 level. stop loss at 0.7990
good luck
29.10.2014 8:08 NZDUSD
NZDUSD: growth against the background of an increasing business confidence index in New Zealand
Buy on a level breakthrough of 0.7957 with 0.8032 target. Stop loss = 0.7900.
Reason for the trading strategy
In September, the business confidence index in New Zealand rose from 13.4 p. to 26.5 p. The data indicate a probability of an increase in investment spending by the national companies, which will benefit the future growth of New Zealand's GDP.
NZDUSD, H4
https://www.exness.com/2014/10/29/nzdusd.png
http://prntscr.com/515t82
analysis for today 10 / 30 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZD/USD on the date 10 / 29 / 2014
OPEN 0.7918
HIGH 0.7976
LOW 0.7768
CLOSED 0.7800
The third resistance (R3) 0.7976 -( 0.7848 - 0.7768 = 0.0080 x 2 = 0.0160 )= 0.8136
The second Resistance (R2) 0.7848 + 0.7976 - 0.7768 = 0.8056
First resistance (R1) 0.7848 x 2 = 1.5696 - 0.7768 = 0.7928
pivot points 0.7976 + 0.7768 + 0.7800 = 2.3544 / 3 = 0.7848
Support for the first (S1) 0.7848 x 2 = 1.5696 - 0.7976 = 0.7720
Support second (S2) 0.7848 -( 0.7976 - 0.7768 = 0.0208 ) = 0.7640
Third Support (S3) 0.7768 -( 0.7976 - 0.7848 = 0.0128 x 2 = 0.0256 )= 0.7512
Daily forecast: NZDUSD 30 Oct. 2014.
Technical analysis for Daily forecast of NZDUSD 30 October, 2014. In Daily chart NZDUSD shows bearish trend. At present NZDUSD below the pivot point and going towards the 1st support level. If 1st support level breaks then next strong support level is 0.73829.
Pivot: 0.78481
Resistance levels
R1 0.79289
R2 0.80570
R3 0.81378
R4 0.82185
Support levels
S1 0.77200
S2 0.76392
S3 0.75111
S4 0.73829
Attachment 12090
The red signal shown by the super trend indicator proves that a bearish trend would be taking place today on the NZDUSD chart and thus giving us a vague idea of where the price would be heading.
As you can see the Nolog dot indicator is forming blue colored dots meaning that buy trades would be taking place soon.
From the signals we deduce that buy trades would be great idea at the moment due to the bearish trend taking place which is a strong one but that can only happen waiting till the Nonlog indicator changes the signal to confirm the direction.
On the other hand the bearish trend has to stop some time and that can be determined and that can be determined if the super trend’s indicator color changes to green or of course if the price hit the resistance 0.7825 Whatever the method any of them would be acting as a great stop loss area indicator.
http://bigimage.cz/photos/20010111979199917638788.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/20010111979200365183195.gif .
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 yellow 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 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/20010111979200590104055.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/20010111979202698204310.gif .
On the NZDUSD hourly chart we can see that a strong bearish trend is happening as the Blade oscillator is now at the 0.001 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 0.7794 could be a good place to set any sell position's stop loss level at. http://bigimage.cz/photos/20010111979202043455497.gif
Since the price is below the EMA indicator signal on the NZDUSD chart i do think that the price would be forming a bearish trend for the rest of the day.
The RSI indicator however shows a sell signal because of the line which currently reside a position below the 35 line.
For more confirmation i believe that the green lines which are going down would tell us that the bears are the ones controlling the market at the moment and it would be wise to take that into consideration.
Summing all that up the bears would be a really good choice for us to follow but that of course until we face an opposite buy signal to get out of the trade that of course when the price becomes located over the wave in the EMA indicator.
http://bigimage.cz/photos/20010111979205251191981.gif .