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pair- nzd/usd
time frame to analysis- m15
http://i59.tinypic.com/nq4g87.jpg
the up movement is having strong resistance at the 0.7665 level and down movement is strongly hold at the pivot point 0.7625 level. if this is break support then down movement as correction can expected. short at the 0.7620 with take profit at 0.7575
good luck
Maintains the New Zealand dollar against the US dollar on the stability above the level of 0.7610, and shows a positive attempts to support our expectations for the direction of the rising rest of the day, as we wait to go about the level of 0.8045 as a key target in the near term.
Therefore, we will continue tipping the upside over the coming sessions unless the breach of 0.7610 and stabilizing below.
Expected trading range for today is between: Support and Resistance 0.7545 0.7800
Daily Forecast
Pair: NZDUSD
Major Trend: sideways
Time Frame: H1
Reason: New Market managed to penetrate down pviot point at 0.7625. Also, the RSI has broken below the line 50. The possibility of the market will be heading to 0.7547
Recommendation: Sell
hello my friends we hit our two target with 138+ pipsQuote:
Originally Posted by mreuro
and it was very good chance i hope some one earn some profits if he will follow my analysis but i wish for any one want to follow this analysis use money management
good luck with new trading view
pair- nzd/usd
time frame to analysis- m15
http://i61.tinypic.com/346wbdl.jpg
the up movement of the price has been break the resistance trend line at 0.7645 level and showing overbought as moving level 70. if this is break the resistance at 0.7685 then long with profit target at 0.7784 and stop loss at 0.7600
good luck
the chart is showing that the pair has succeeded in closing it's weekly candle above level 0.7680 , and that's mean the up trend is still standing and the pair might head to 0.7880 and then 0.7900
March 25, 2015 update:
The price of the pair moves starting wave (0.7276) It is noted that the limits of the line the main direction drawn to this wave along the between-level (0.7713) and (0.7657 It is worth mentioning that the current wave goal access to the area (0.7716) and with respect to trades that day will be watching the movement Price among level (0.7691) and level (0.7685) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (0.7613) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level to be tested is (0.7696) and in the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (0.7604) - the second support (0.7567) - First resistance (0.7688) - second resistance (0.7734).
March 27, 2015 update:
The price of the pair moves starting wave (0.7696) It is noted that the limits of the line the main direction drawn to this wave along the between-level (0.7648) and (0.7669 It is worth mentioning that the current wave goal access to the area (0.7536) and with respect to trades that day will be watching the movement Price among level (0.7597) and level (0.7625) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (0.7556) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level to be tested is (0.7664) and in the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (0.7546) - the second support (0.7497) - First resistance (0.7654) - second resistance (0.7713).
on the daily chart, this pair seems like trying to make some correction of its bearish trend. Today, this pair is expected to reach its 1st resistance at 0.7584 and hopefully could reach the 0.7690 before its start to correction.
the weekly out look of the pair is bearish the price from 11.1.2015 is on a side ways market between the major resistance at 0.77935 and the major support at 0.71595 the last week the price form a dogi pattren that may indicat that the price will go down to the mentioned support level the main thecnical indicator still bearish
Spoiler: