pairs of matched pairs using n support resistance barry assisted NRP with the zigzagQuote:
Originally Posted by Miki
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pairs of matched pairs using n support resistance barry assisted NRP with the zigzagQuote:
Originally Posted by Miki
BID PRICE 0.8087
SIMPLE MA 5 0.8091 SELL
SIMPLE MA 10 0.8097 SELL
SIMPLE MA 20 0.8097 SELL
SIMPLE MA 50 0.809 SELL
SIMPLE MA 100 0.804 BUY
EXPONENTIAL MA 5 0.809 SELL
EXPONENTIAL MA 10 0.8094 SELL
EXPONENTIAL MA 20 0.8094 SELL
EXPONENTIAL MA 50 0.808 BUY
EXPONENTIAL MA 100 0.8046 BUY
RSI 14 45.8608 NEUTRAL
STOCHASTIC 5,3,3 13.5135 OVERSOLD
PARABOLIC SAR 0.02/0.2 0.8118 SELL
MACD 12,26,9 0.0001 BUY
WILLIAM %R 14 -76.1905 SELL
Support & Resistance
R3 R2 R1 P S1 S2 S3
0.8153 0.8136 0.8111 0.8094 0.8069 0.8052 0.8027
NZDUSD NEUTRAL
Last Update : 2012-08-01 06:00:09
this pair has closed it's hourly candle above level 0.8092 as pivot point , that's mean the bullish trend is expected and the pair might head to level 0.8130 , however the pair made a hourly correction before reaching it , good luck
Able to pair the New Zealand dollar against the U.S. dollar from 0.8100 level exceeded our expectations to enhance the upward trend which has been referred to in the morning.
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Now the target level of 0.8200, and stability above 0.8100 will assess the bullish momentum in place and strong.
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Expected trading range for today is between: Support and Resistance 0.7980 0.8200
The NZD/USD pair attempted to rally during the Tuesday session, only to fall and form a shooting star. This of course is a very bearish signal considering that it happened at the 0.81 handle, and as such it looks like we may fall back down to the 0.80 level to look for support. We think that at that area there should be a reasonable attempt to support the pair.
However, it should be kept in mind that the Federal Reserve meets later today and the jobs number comes out on Friday. Not to mention the fact that there is an ECB meeting on Thursday, there is plenty that could move the Kiwi dollar. This will all be based upon interest rate expectations, and if the Fed it does very little, it could push this pair back down. Overall, we think that we are in consolidation between the 0.81 and 0.78, and will trade this pair like that in till we break out to the upside or down to the downside.
Commodity markets will have to be watched, but it should be noted that several of them fell during the session on Tuesday as traders prepared for the central bank onslaught that is coming. The fact that we close the day with a perfect shooting star does make this pair look especially vulnerable at this moment in time, and as such we would not be comfortable being long at this point in time.
Overall, the pair does look relatively bullish but a pullback certainly wouldn’t be out of the question. The truth of course will come out within a few weeks as the larger traders come back to the trading floors around the world. Once we get into September, there’s a very good chance that the tone for the next 3 to 6 months will be set. You can bet that the Kiwi dollar will be very reactive to the risk appetite around the world, and as such this is going to be interesting trade for the next several weeks. Again, we are buying on a break out of the upper part of this consolidation area which we have represented by the top of the shooting star for the Tuesday session, and of course selling the break of that candle as well to the downside.
Price action is bullish and price is trying to close above pivot point if it does next area of target should be around 0.8159 pivot resistance 1, 4 hour chart is also bullish pair not at overbought yet so we can be confident of our bullish trades let us just hope for a decent retracement before we jump in on the long side
The pair continues the New Zealand dollar against the U.S. dollar Tdaolah side after being found difficulty in stabilizing above 0.8100 level for the fifth consecutive day, while the MA 50 continues to support price from the bottom.
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In general, the expectations remain positive list and are not likely to break the 0.7985 level
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Expected trading range for today is between: Support and Resistance 0.7985 0.8200
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General tendency is expected for today: rising
New Zealander came back very quickly after yesterday's fall, and it looks like a couple again is going to resume the upward trend ... now we can see very clear the corridor and will consolidate above 0.8240 to around the way ....
The trading rang for today is among the major support @ 0.8230 and the key of resistance @ 0.8315.
The general over short term basis is to the upside targeting 0.8315 as far as area of 0.8370 .
After a couple more times strayed from the price level of 0.8080 is still broken the resistance level and went on top, it is clear that the opening and at least the last candle just at the level of support and then a strong breakdown of the top ... I think now the target for the pair is 0.9300. ..