The pair is moved up to test the resistance on 0.8217
if it is breaked we can see the pair move up
if this resistance is not breaked we can see the pair move down to test the 1st support on 0.8200
Printable View
The pair is moved up to test the resistance on 0.8217
if it is breaked we can see the pair move up
if this resistance is not breaked we can see the pair move down to test the 1st support on 0.8200
Is Gold Like USDRUB?Story of the day on Tuesday is definitely the RBA not cutting the cash rate in Australia. They put that decision on hold, despite the consensus being the rate cut. That helped the AUD a lot and now, the currency is climbing much higher.
Nzd/cad analysis for 04.22.2013 by using pivot indicator.
r3: 0.8752
r2: 0.8720
r1: 0.8679
pivot: 0.8647
s1: 0.8606
s2: 0.8574
s3: 0.8533
TODAY'S TECHNICAL LEVEL OF EURUSD :
Breakout BUY Level: 0.8560.
Strong Resistance:0.8550.
Original Resistance: 0.8540.
Inner Sell Area: 0.8530.
Target Inner Area: 0.8520.
Inner Buy Area: 0.8510.
Original Support: 0.8500.
Strong Support: 0.8490.
Breakout SELL Level: 0.8480.
***Warning *** Trading Forex on margin carries a high level of risk, and may not be suitable for all Traders or Investors.
i think this pair is nearing the top before it will turn back viciously.......from my fibo range this pair already reach the level on daily chart but if the price kept on going up then the next level will be aroud 9000 area
My analysis of Nzd/Cad
Pivot Point 0.8800
current price is : 0.8805
Resistance and Supporting level is : ,,
Resistance level is :,
Resistance 1>0.8825
Resistance 2>0.8847
Resistance 3>0.8858
Supporting level is :,
Supporting 1>0.8785
Supporting 2>0.8767
Supporting 3>0.8754
My analysis of NZD/CAD is SELL
Resistance and Supporting levels is :
Resistance 1 - 0.8825
Resistance 2 - 0.8833
Resistance 3 - 0.8842
Supporting 1 - 0.8806
Supporting 2 - 0.8798
Supporting 3 - 0.8788
Analysis Chart NZD / Cad on today's Weekly is clear that the trend is still up, that is why I suggest you can buy with short-term take profit around 100 to 200 pips and if you choose to sell the security or you must have a large margin, we can see in the picture below all the Stochastic indicator is above 80 and the area we've been able to do sell to take profit which I think is very big between 700-900 pips.
bearish trend seems to be taking place on the NZDCAD pair and that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction. A sell signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal. This pair can continue bearish trend, now current price at 0.8768 and strong resistent at level 0.8790 in hourly time frame. there is possible chance price will move to up side. then next low price is 0.8717
I suggest to entry SELL with stoploss at 0.8718 and take profit at 0.8803
use higher timeframe is very important because it always helps you to enter in the direction of current trend . using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit. I hope you can earn consistent profit from my signal, good luck and doing trade like a boss.
NZD-CAD look on still nice to bulls. On my see as long as that Low fib near the demand zone 0.8099 can not be break again by strong seller search for buy is better. But, with use SL bellow that 0.8099. And for next move this bulls can more nice move if then 23.6 fibo at 0.8158 can also be break up by buyer.