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The Blade oscillator is currently below the level of balance at the 0.0002 area and that can be considered a strong bearish trend taking place on the hourly chart of the NZDUSD while at the same time the indicator is currently giving us a red color meaning that a bearish direction is taking place.
as we take a look on the chart we notice that the down slope of the moving average and also the last top drawn at the location 0.7766 can be used also as really good stop loss level and taking it as sell positions which i do recommend greatly .
http://bigimage.cz/photos/20141205141776151186247.gif
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analysis for today 12 / 5 / 2014
NZDUSD
Resistance : R1 0.7835 R2 0.7860 R3 0.7880 R4 0.7910
Support : S1 0.7708 S2 0.7683 S3 0.7663 S4 0.7633
Open : 0.7782
High : 0.7783
Low : 0.7760
Range : 0.0023 Pips
Running Price : 0.7767
Strategy : SELL at the level 0.7767 stop loss at the level 0.7835 target take profit at the level 0.7663 or at the level 0.7633
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The pair is in downtrend so down movement until 0.7975 is expected. But if price able to break 0.8080 , we'd see up movement hitting 0.8150
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For today 05/12/2014 on the NZDUSD chart the price is above the grey level 0.7753 that considered as support 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 0.7786 as first buying target and could reach the second resistance at 0.7818 but if the price breaks the level of 0.7733 then the up direction will be cancelled and we should think in selling http://bigimage.cz/photos/20141205141776436824964.gif
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analysis for today 12 / 5 / 2014
NZD/USD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.7764
Retracement (50%) 0.7775
retracement (61,8%) 0.7786
Extensions (61.8%) 0.7672
Extensions (100.0%) 0.7637
Extensions (138.2%) 0.7602
Extensions (161.8%) 0.7580
calculation based on a Fibonacci retracement then today I choose sell
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Always slide the buy / sell limit follow the movement of sma or ema.
And remember, always disciplined and follow the rules.
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The red arrow in front of us is a really good signal for the bearish bearish trend taking place now on the NZDUSD chart at that particular moment which is supported by the price 0.7785 which is considered as a top and at the same time considered as a strong resistance in which the price shouldn’t go above it while the bearish trend is still in control.
The parabolic sar dots is currently located above the candles meaning that the price might be heading down for a while.
The price located at 0.7705 would be the ideal place to claim profit since it’s strong support and because after hitting it there is s possibility that it might start heading north instead.
http://bigimage.cz/photos/20141207141798921151090.gif
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Obviously in front of us on the NZDUSD chart we can clearly see that there is a up 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 Above 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 buy orders would be the wisest decision once a bullish 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 buying would work greatly for me according to what we witnessed down till now unless an opposite bearish signal appears .
http://bigimage.cz/photos/20141207141799037136515.gif
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analysis for today 12 / 8 / 2014
NZDUSD
Resistance : R1 0.7717 R2 0.7742 R3 0.7762 R4 0.7792
Support : S1 0.7633 S2 0.7608 S3 0.7588 S4 0.7558
Open : 0.7708
High : 0.7708
Low : 0.7642
Range : 66 Pips
Running Price : 0.7652
Strategy : SELL at the level 0.7652 stop loss at the level 0.7717 target take profit at the level 0.7588 or at the level 0.7558
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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/20141208141802001231653.gif
