Nzd/Jpy

Condition NZDJPY on H1 is down, confirmed by price 78.76 and under MA 200 is for short area.
Today SNR of NZDJPY :

R3 : 80.66
R2 : 80.01
R1 : 79.30
PV : 78.65
S1 : 77.94
S2 : 77.29
S3 : 76.58

MA(200) 78.71

Maybe next target hit S1 77.94

elliott flat correction down 78.04 it is likely to flat towards 77.99 - 77.33 unless a corrective rally breaks the 79.02 resistance and stop above 79.35
support and resistances
res2 80.06
res1 79.35
pivot 78.70
sup1 77.99
sup2 77.33

http://charts.mql5.com/1/217/nzdjpy-...orex-group.png




we can see in the 1d chart

the pair can close up the up trend line

i see the pair will go to up way to 80.32

stochastic refers that the pair will go up

so our target buy from 79.32 and our target will 100pips

Good luck

Nzd/jpy technical analysis by using moving averages.

date : 03.27.2013

time : 0745 GMT

time frame : 15 min

sma200 : 78.97 signal- buy.
sma100 : 79.13 signal- buy.

The pair is trading above the rising trend indicator Stochastic indicates rise to the highest price I expect more rise to the level of 79.39 and Best Buy from 78.39 to 100 points
The short trend for the pair: UP
Expected targets for the day: 78.00 - 78.30
This scenario remains in place to continue the stability of the pair above the level of support: 76.50

in the M30 time frame the price is break the support at 79.20. the price is rejected from the 79.45. now the macd indicator is also giving us short signal. we can short this pair if price is close below the pivot point at 78.97 with the target at 78.60

Nzd/jpy analysis for 03.27.2013 by using pivot indicator.

r3: 80.55
r2: 79.94
r1: 79.58

pivot: 78.97

s1: 78.61
s2: 78.00
s3: 77.64

http://charts.mql5.com/1/222/nzdjpy-...orex-group.png



we can see in the 1d chart

the pair trading down the 23.6

I see the pair will go to down way to 76.20

stochastic refers that the pair will go down

so our target sell from 78.84 and our target will 267pips

Good luck
:good::respect::yahoo:

The correction process is still in progress for nzd/jpy and i expect if pivot can reject the bulls then it might be good opportunity back into major bearish trend again.

elliott irregular flat correction up79.93 it should trade higher to 79.65 while 78.58 or 78.68 offers support stop loss below 78.06
support and resistance
res2 80.00
res1 79.65
pivot 79.03
sup1 78.68
sup2 78.06