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pair- nzd/usd
analysis time frame- m15
http://i57.tinypic.com/dqwls.jpg
the price is moving up from the support at 0.7835 level with breaking the moving average 14. if this is break the upper resistance at 0.7880 then up movement can expected. for profitable wait to breakout if this then long with take profit at 0.7900 and stop loss at 0.7823
good luck.
Daily Forecast
Pair: NZDUSD
Major Trend: Bearish
Time Frame: H4
Reason: Weekly pivot point has been broken and the price is now headed to WS 1 in the range of 0.7817 and if tertermbus, there will be a price to the extreme movement of 0.7650. But for the moment this is likely to be a correction in the daily pivot point at 0.7871 before resuming the bearish trend
Recommendation: Sell the limit at 0.7871 with a target of 0.7817
On the NZDUSD chart for today the price appears to move in downward trend as a red dots appear above the bars and as the price still lower than the strong resistance of 0.7994 which is also the weekly pivot point and it is likely for the price to keep going south unless it hit the weekly pivot support at 0.7767 On the other hand if the price breaks the 0.7994 resistance and also get a bullish signals by a blue colored dots it is expected to keep going north till the 0.8079 resistance as the next weekly pivot level.
http://bigimage.cz/photos/20141120141644815197221.gif .
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analysis for today 11 / 20 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZD/USD on the date 11 / 19 / 2014
OPEN 0.7921
HIGH 0.7925
LOW 0.7837
CLOSED 0.7852
The third resistance (R3) 0.7925 -( 0.7871 - 0.7837 = 0.0034 x 2 = 0.0069 )= 0.7994
The second Resistance (R2) 0.7871 + 0.7925 - 0.7837 = 0.7959
First resistance (R1) 0.7871 x 2 = 1.5743 - 0.7837 = 0.7906
pivot points 0.7925 + 0.7837 + 0.7852 = 2.3614 / 3 = 0.7871
Support for the first (S1) 0.7871 x 2 = 1.5743 - 0.7925 = 0.7818
Support second (S2) 0.7871 -( 0.7925 - 0.7837 = 0.0088 ) = 0.7783
Third Support (S3) 0.7837 -( 0.7925 - 0.7871 = 0.0054 x 2 = 0.0107 )= 0.7730
The location of the blue line is currently taking place below the red line on the momentum cross on the NZDUSD chart which is a good selling signal.
On the other hand there is probability for a upward trend to take place based on the yellow color appearing on the chart by the Oracle strength indicator.
Adding the bearish trend showed by the Oracle direction indicator to the signals we had from the Oracle direction indicator based on its red arrows appearing on the chart confirming by that the entry point appearing by the Oracle Strength indicator.
Clearly there is a downward 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 sell orders are the best choice.
http://bigimage.cz/photos/20141120141647081432990.gif
Obviously in front of us on the NZDUSD chart we can clearly see that there is a down trend taking place as we speak and from its looks of it seems to be a main trend of course that was confirmed when the 6 and 5 EMAs were located Below trend taking place as we speak and from its looks of it seems to be a main trend of course that was confirmed when the 6 and 5 EMAs were located sell orders would be the wisest decision once a bearish direction is confirmed by the other indicators .
Also there are dots located Above the candlesticks from the parabolic sar indicators showing us downward direction adding to that the downward signal formed by the cci line when it got located at the Lower level .
Also to be sure we get a sell signal from the MACD indicator as it was moving Below the level 0 .
So In the end I do think selling would work greatly for me according to what we witnessed up till now unless an opposite bullish signal appears .
http://bigimage.cz/photos/20141120141646571137320.gif
While monitoring the NZDUSD I came to realize that a bearish trend is being formed today on the chart and of course I came to that conclusion because of the red signal performed by the super trend indicator giving me a hint on where the market supposedly would be heading.
The Nolog dot indicator giving us a blue colored dot indicating that a buy signal should be taking place soon.
A weak bearish trend is indicated by the signals encouraging us to take sell trades but that of course as soon as the Nonlog indicator changes its signal to make another confirmation for this direction.
In order to be safe we should think of the best position to act as our stop loss I believe the resistance located at the price 0.7855 would be the perfect place for that but if this method is not convincing enough then waiting for the super trend’s color to change to green would be a good idea as well since the bearish trend would certainly be over if it met any of those conditions .
http://bigimage.cz/photos/20141120141646546725638.gif
We can notice that there is a bearish cross now on the NZDUSD chart between the EMAs 9 and 152 which indicates that the price could go south 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 below the level of 0 as the Guru Angel indicator shows also the red color indicates a bearish direction.
As we can notice the price may go south to reach the next support at the next few hours so I recommend a 0.7772 in the next few hours so it is recommended to enter sell orders as the indicators still showing the same signals.
http://bigimage.cz/photos/20141120141647521189915.gif
The color of the moving average indicator make a change to be a red side by side with the change of the color of the candles to be a red color too and this is a great chance for having a good bearish trend on the chart of NZDUSD trend on the chart of red dots as you can see below the zero's level to add strength to the scenario of bearish trend if occurs.
Now I will choose the side of bearish trend and prepare for opening a sell orders at the nearest chance and I think to set my target level at the 0.7825 price as I think it may affect the price because of being a strong support this if the price remain below the 0.787 level which is the key resistance for me till the opening of new york session .
http://bigimage.cz/photos/20141120141646587135413.gif
For today 20/11/2014 on the NZDUSD chart the price is above the grey level 0.7827 that considered as resistance point at MBFX indicator.
In mean while the Vestro indicator is showing a bullish saturation.
I can guess that the price may go up till the next MBFX level at the resistance of the value 0.7845 as first buying target and could reach the second resistance at 0.7862 but if the price breaks the level of 0.7799 then the up direction will be cancelled and we should think in selling http://bigimage.cz/photos/20141120141647842122811.gif
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