Nzd/Usd

The NZD/USD opened today's trading strong down from his statements in inflation issued in early, to begin ascending channel that shows the image above support the test, close scrutiny in the picture, we find that the price has completed the formation of a bearish technical pattern broken neckline at 0.7485 , which could push the price of a more negative trades in case, make sure to break channel support at 0.7465.

Now, we prefer to stop on the fence on a temporary basis in order to monitor the disposal price for axial levels represented by support 0.7465 and resistance 0.7485, where breaching this support will push the pair to the 0.7330 area initially, while the penetration resistance will open the way to the target level of 0.7700 mainly.

Expected trading range for today is between: Support and Resistance 0.7330 0.7600.

NZD USD is facing negative possibility – Analysis - 24/02/2015

The NZDUSD pair opened today’s trading with strong decline affected by the inflation data released early today, to begin testing the bullish channel’s support that appears on the above chart, and by taking a deeper look at the image, we find that the price completed forming a bearish technical pattern by breaking its neckline at 0.7485, which might push the price to achieve more negative trading in case confirming breaking the channel’s support at 0.7465.

Now, we prefer staying aside temporarily in order to monitor the price behavior according to the key levels represented by 0.7465 support and 0.7485 resistance, as breaking this support will push the price towards 0.7330 areas initially, while breaching the resistance will open the way to target 0.7700 level mainly.

Expected trading range for today is between: 0.7330 support and 0.7600 resistance.

Expected trend for today: Bearish

---------- Post added at 07:15 PM ---------- Previous post was at 06:34 PM ----------

Following its recovery from sub-0.7200 level to 0.7570 odd level, the pair now seems to be reversing from 50% Fib. retracement level of Jan. to early Feb. down-leg. Moreover, it has also dropped below a short-term ascending trend-line support, also possibly contributing towards formation of a bearish Rising Wedge chart pattern. Hence, should the pair continue trading below 0.7500 mark, it could possibly drop back towards 0.7330-20 support area. Further, a decisive break below 0.7300 mark support now seems to extend the descending trend towards testing 0.7140-30 support area, marking 61.8% Fib. expansion level and also coinciding with low tested in March 2011. Alternatively, a move back above 0.7480-0.7500 immediate resistance is likely to extend the recent recovery towards a very important support break point now turned strong resistance near 0.7600-20 area.

analysis for today 2 / 25 / 2015

NZDUSD

Resistance : R1 0.7549 R2 0.7574 R3 0.7594 R4 0.7624
Support : S1 0.7469 S2 0.7444 S3 0.7424 S4 0.7394

Open : 0.7491
High : 0.7544
Low : 0.7474
Range : 0.0070 Pips
Running Price : 0.7543

Strategy : BUY at the level 0.7543 stop loss at the level 0.7469 target take profit at the level 0.7594 or at the level 0.7624

The NZD/USD shows a narrow range of trading after reaching the level of 0.7550, where the price is affected negatively stochastic current, but still scenario upward trend persists to this day, depending on the stability above 0.7485 along with the support of the SMA 50, pending visit 0.7700 level mainly.

We note that break of 0.7485 will push the price to test the most important short-term and medium-term trading at 0.7330 for support.

Expected trading range for today is between: Support and Resistance 0.7450 0.7700.

Spoiler:

http://vvcap.net/db/Y6omTxptXQhcJkk3bces.png

Daily Forecast

Pair: NZDUSD
Major Trend: Bullish
Time Frame: H1
Reason: Market may still be a correction at 0.7584, before climbing higher. Seen from the stochastic indicator pointing downwards. Weekly targets are at 0.7677
Recommendation: Buy limit at 0.7584

The NZD/USD is now showing a positive trading in an attempt to resume the bullish wave within the ascending channel that shows the image, and get the price on the positive ongoing support from the SMA 50, which supports the continuation of the upward trend in the coming period, pending visit 0.7700 level, which represents the main goal near.

It is necessary to note that break of 0.7505 will stop the current high price and pays a visit to the critical support at 0.7330.

Expected trading range for today is between: Support and Resistance 0.7450 0.7700

pair- nzd/usd
time frame to analysis- m30

http://i59.tinypic.com/2ldh79e.jpg

the price is outside from the overbought level 70. the price is making higher to high and macd indicator is high to lower side. if this is break the support 0.7575 then short with profit target at 0.7525 and stop loss at 0.7630
good luck

The NZD/USD pair Being attempts to breach the level of 0.7600, upping expectations more positive rest of the day, where 50 SMA continues to provide support for the price from the bottom, to remain stable trading within the ascending channel.
Therefore, the upward trend will continue to be expected for the day unless the breach of 0.7505 and stabilizing below.

The price of the pair move starting from the wave (0.7422) It is noted that the limits of the line the main direction drawn to this wave along the between-level (0.7528) and (0.7475 It is worth mentioning that the current wave goal of access to the area (0.7668) and in respect of trades that day will be watching the movement price among level (0.7593) and level (0.7546)

Hello ..............If this pair cant go lower than 0.7640, I expect this pair may reach its 1st resistance level at 0.7675. But surely I expect more, especially after the report of KIWI for today. I hope this pair may go to 0.7700 for maximum reach......................