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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 downward trend to take place based on the red 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/20141215141862795509212.gif
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For today 15/12/2014 on the NZDUSD chart the price is below the grey level 0.7777 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 down till the next MBFX level at the support of the value 0.7729 as first selling target and could reach the second support at 0.7682 but if the price breaks the level of 0.7806 then the down direction will be cancelled and we should think in buying http://bigimage.cz/photos/20141215141862879103640.gif
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The Blade oscillator is currently below the level of balance at the 0.0005 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 UP slope of the moving average and also the last top drawn at the location 0.7755 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/20141215141862826574247.gif
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A lower new daily opening of the NZDUSD pair than the last day opening is a good sign for the down trend happens today.
Now when you try to analyses the chart that I provide you can first see the main arrow showing a red color above the prices of the current period which is a good way to say that we will face a bearish trend on the current day.
I use the last opening of the market in order to set my take profit levels as the market always retest it and acts like a support the price always fail to penetrate then the price of 0.7725 is the target for me.
Using a multiple signals before entrying the trades is a must for me then I think I will wait till I can find a confirmation by a red line of the check indicator and the red signal from the time trader indicator to open the sell orders to make sure I'm still in the bearish direction .
http://bigimage.cz/photos/20141215141862953572006.gif
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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 0.7815 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 below the candles meaning that the price might be heading up for a while.
The price located at 0.774 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/20141215141863754806304.gif
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I think that this is a good opportunity to get in long position from the 50.0 level of fibonacci ratios at 0.7740.
http://i.imgur.com/cpEMeTy.png
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http://prntscr.com/5hdzjo
analysis for today 12 / 16 / 2014
NZD/USD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.7752
Retracement (50%) 0.7760
retracement (61,8%) 0.7767
Extensions (61.8%) 0.7687
Extensions (100.0%) 0.7662
Extensions (138.2%) 0.7637
Extensions (161.8%) 0.7622
calculation based on a Fibonacci retracement then today I choose sell
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http://prntscr.com/5hdzjo
analysis for today 12 / 17 / 2014
NZD/USD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.7769
Retracement (50%) 0.7784
retracement (61,8%) 0.7798
Extensions (61.8%) 0.7642
Extensions (100.0%) 0.7593
Extensions (138.2%) 0.7544
Extensions (161.8%) 0.7515
calculation based on a Fibonacci retracement then today I choose sell
---------- Post added 12-18-2014 at 05:44 PM ---------- Previous post was 12-17-2014 at 06:28 PM ----------
http://prntscr.com/5i5t6j
analysis for today 12 / 18 / 2014
NZD/USD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.7729
Retracement (50%) 0.7743
retracement (61,8%) 0.7757
Extensions (61.8%) 0.7613
Extensions (100.0%) 0.7569
Extensions (138.2%) 0.7525
Extensions (161.8%) 0.7497
calculation based on a Fibonacci retracement then today I choose sell
---------- Post added at 05:45 PM ---------- Previous post was at 05:44 PM ----------
http://prntscr.com/5i5t6j
analysis for today 12 / 18 / 2014
NZD/USD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.7729
Retracement (50%) 0.7743
retracement (61,8%) 0.7757
Extensions (61.8%) 0.7613
Extensions (100.0%) 0.7569
Extensions (138.2%) 0.7525
Extensions (161.8%) 0.7497
calculation based on a Fibonacci retracement then today I choose sell
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NZDUSD
Dec. 18, 2014, 07:23
Buy on a level breakthrough of 0.7752 with 0.7839 target. Stop loss = 0.7700.
Reason for the trading strategy
New Zealand's GDP in Q1 2014 increased by 1.0% (q/q), with a forecast of 0.7% (q/q). The data reflect a growth of aggregate demand in the national economy. We believe the statistics will provide support for the Kiwi. On a resistance level breakthrough of 0.7752, opening long positions on the Kiwi is worth considering.
NZDUSD, H4
https://www.exness.com/media/media/2.../18/nzdusd.png
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Let's look at H4 chart of the pair. The price is below the Ichimoku Kumo Cloud and EMA 200. The price is in downtrend. So, I think the price will increase slightly to the kumo cloud and then it will decrease strongly.
