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Daily Forecast
Pair: NZDUSD
Major Trend: Bullish
Time Frame: H4
Reason: Prices on Monday, yesterday was just a correction to cover their GAP, which is also a correction for fibo 61.8, Then the price will move to the Fibo 161.8 (0.8002). RSI still above the trend line 50. Daily TF still shows a pattern Bullish
Recommendation: Buy with a target of 0.8002
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analysis for today 11 / 18 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZD/USD on the date 11 / 17 / 2014
OPEN 0.7950
HIGH 0.7974
LOW 0.7900
CLOSED 0.7910
The third resistance (R3) 0.7974 -( 0.7928 - 0.7900 = 0.0028 x 2 = 0.0056 )= 0.8030
The second Resistance (R2) 0.7928 + 0.7974 - 0.7900 = 0.8002
First resistance (R1) 0.7928 x 2 = 1.5856 - 0.7900 = 0.7956
pivot points 0.7974 + 0.7900 + 0.7910 = 2.3784 / 3 = 0.7928
Support for the first (S1) 0.7928 x 2 = 1.5856 - 0.7974 = 0.7882
Support second (S2) 0.7928 -( 0.7974 - 0.7900 = 0.0074 ) = 0.7854
Third Support (S3) 0.7900 -( 0.7974 - 0.7928 = 0.0046 x 2 = 0.0092 )= 0.7808
On the NZDUSD Chart there is a up channel so it is expected from the price to keep moving upward When the price touches the upper edge of donchain channel it is considered as a signal of going down By checking the awesome oscillator there is a red bar above the level of 0 which indicates a sell signal for the current time.
On the stostatic there is a bullish signal by having a buy cross and the lines approaches the 80 th level.
From previous data bullish is most likely to happen then you can target high level of the donchain channel and if you wait to get a confirmation from the awesome oscillator that can raise the chance for good buy trades.
http://bigimage.cz/photos/20141118141629170152116.gif
For the NZDUSD pair the price now lower than the 15 EMA line there is a good chance for a bearish trend for the current day.
The power line indicator is now above the 50th 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/20141118141629154201867.gif
The daily forecasting for NZDJPY pair according to the signals appears on the Henkin Ashi which shows a blue candles associated with up direction arrow then it is clear that we may have a bullish trend for the coming day.
On taking a look on the T3-Clean and the Snake indicators then you can indicate a buy signal by having a buy cross on them.
For more confirmation on the upward you can get the blue signal appears on the trend session indicator.
resistance located at the level 92.65 have a good chance to stop the buy trend then closing buy position before it could be a wise decision.
http://bigimage.cz/photos/20141118141629260702661.gif
The location of the blue line is currently taking place above the red line on the momentum cross on the NZDUSD chart which is a good buying signal.
On the other hand there is probability for a upward trend to take place based on the blue color appearing on the chart by the Oracle strength indicator.
Adding the bullish trend showed by the Oracle direction indicator to the signals we had from the Oracle direction indicator based on its blue arrows appearing on the chart confirming by that the entry point appearing by the Oracle Strength indicator.
Clearly there is a upward trend taking place on the pair for some time and as long as the indicator keeps giving me the same signals then i do think that the buy orders are the best choice.
http://bigimage.cz/photos/20141118141629627605339.gif
We can notice that there is a bullish cross now on the NZDUSD chart between the EMAs 9 and 152 which indicates that the price could go north in few hours.
Also if we notice the Histogram indicator we can find that it forms a green line to form a bullish signal by located over the 0 level of the Histogram indicator.
There is another green line is found on checking the Market Emotion indicator that is a good sign to start to rise for higher levels on the NZDUSD The slope is moving above the level of 0 as the Guru Angel indicator shows also the green color indicates a bullish direction.
As we can notice the price may go north to reach the next resistance at the next few hours so I recommend a 0.7995 in the next few hours so it is recommended to enter buy orders as the indicators still showing the same signals.
http://bigimage.cz/photos/20141118141629354413903.gif
Daily Forecast
Pair: NZDUSD
Major Trend: Bullish
Time Frame: H1
Reason: Daily Pivot at 0.7934 has not been touched, the price will likely correction to the area. But if the price directly penetrate 0.7904, then the price will go to 0.7879. RSI has broken through the line 50 and moves down
Recommendation: SELL with a target of 0.7879
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analysis for today 11 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZD/USD on the date 11 / 18 / 2014
OPEN 0.7909
HIGH 0.7973
LOW 0.7909
CLOSED 0.7922
The third resistance (R3) 0.7973 -( 0.7935 - 0.7909 = 0.0026 x 2 = 0.0051 )= 0.8024
The second Resistance (R2) 0.7935 + 0.7973 - 0.7909 = 0.7999
First resistance (R1) 0.7935 x 2 = 1.5869 - 0.7909 = 0.7960
pivot points 0.7973 + 0.7909 + 0.7922 = 2.3804 / 3 = 0.7935
Support for the first (S1) 0.7935 x 2 = 1.5869 - 0.7973 = 0.7896
Support second (S2) 0.7935 -( 0.7973 - 0.7909 = 0.0064 ) = 0.7871
Third Support (S3) 0.7909 -( 0.7973 - 0.7935 = 0.0038 x 2 = 0.0077 )= 0.7832
On the NZDUSD Chart there is a down channel so it is expected from the price to keep moving downward When the price touches the lower edge of donchain channel it is considered as a signal of going up By checking the awesome oscillator there is a red bar below the level of 0 which indicates a sell signal for the current time.
On the stostatic there is a bullish signal by having a buy cross and the lines approaches the 20 th level.
From previous data bearish is most likely to happen then you can target low level of the donchain channel and if you wait to get a confirmation from the awesome oscillator that can raise the chance for good sell trades.
http://bigimage.cz/photos/20141119141637852140370.gif
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