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The EURNZD chart before us is giving us a up trend signal as the 3 EMA 2 and 5 and 6 are currently moving Above the EMA 35 so after the other indicators confirm the bullish direction logically i will head for buy positions .
below the candles i can see that the dots created by the Barabolic Sar indicator which is an indication for the possibility that the direction is about to be heading upward also monitoring the buy signal in front us on the MACD indicator which is currently moving above the level 0 for now in addition to that there is a upward signal formed by the CCI line which is currently located at higher level .
So based on the EMAs signals shown i can say that i do prefer the buying positions that are if no bearish signals are shown in front of us .
http://bigimage.cz/photos/20141205141776127119468.gif
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Based on the hourly chart of the blade oscillator the EURNZD is having a strong bullish trend by locating at 0.0015 above the level of balance and the indicator is blue colored that means there is a strong bullish move will happen in a short time .
By using moving average 5 we will notice a UP slope so 1.5927 could be considered a good stop loss for if there were buy positions as it is considered the last bottom by using the indicators signals .
http://bigimage.cz/photos/20141205141776150105549.gif
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In the EURNZD chart in front of us we can see that there is a bullish cross between the EMAs 9 and 152 which shows that the price may take a north direction for the next few hours.
By monitoring the Histogram indicator we get to see the line formed to be green like the last signal to make for the pair a bullish signal by becoming above the 0 leveled histogram.
As for the emotion indicator we can find another green line to be shown which proves to be a good signal for start of the fall for even higher prices for the EURNZD The slope is also moving above the level of 0 at Guru Indicator and showing a green color is to show that the price is taking a bullish ction at the moment.
Clearly as you can see
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analysis for today 12 / 5 / 2014
EURNZD
Resistance : R1 1.5973 R2 1.5998 R3 1.6018 R4 1.6048
Support : S1 1.5867 S2 1.5842 S3 1.5822 S4 1.5792
Open : 1.5898
High : 1.5942
Low : 1.5898
Range : 0.0044 Pips
Running Price : 1.5932
Strategy : BUY at the level 1.5932 stop loss at the level 1.5867 target take profit at the level 1.6018 or at the level 1.6048
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According to the vestro indicator for the EURNZD pair it indicates a bearish saturation on its last move then I will use it to predict a downward direction for now.
On the chart the price is located quite below the price of the blue level at 1.5935 which is the balanced level and according to this bearish trend that we can assumed we can enter a sell positions targeting the next support near the area 1.5907 and then you can use level 1.589 as your next target .
But clearly opposite signals on the vestor or if the price breaks the 1.5963 level you should start thinking about a bullish trend.
http://bigimage.cz/photos/20141205141776434107254.gif
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analysis for today 12 / 5 / 2014
EUR/NZD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.5926
Retracement (50%) 1.5911
retracement (61,8%) 1.5896
Extensions (61.8%) 1.6052
Extensions (100.0%) 1.6100
Extensions (138.2%) 1.6148
Extensions (161.8%) 1.6178
calculation based on a Fibonacci retracement then today I choose buy
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I think that we should look for opportunities only if the price break the resistance level at 1.5978.
http://i.imgur.com/cfTwLAq.png
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i used the eur/usd and some other pair but this Eur/Nzd pair still not used and i hope that like the pair eur/usd this pair is also very profitable and have the huge potential for their trader and member of the forex community.
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As we can see a green arrow is taking place on the EURNZD chart which indicates that a bullish trend is taking place at the moment bottom located at 1.5815 is supporting the trend for it is a very strong support and if the bullish trend is still strong then the price shouldn't be able to go below it.
The dots from the parabolic sar indicators are shown below above the candles which gives a sign of where the price will be heading which is up in this case.
The resistance located at 1.5935 would be a great place to act as closing positions if we are to be making buying trades since the price might be heading south after hitting it http://bigimage.cz/photos/20141207141798919690970.gif
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When trying to analyze the EURNZD there is a bullish channel as you can see to narrow the market movement area between 2 trend lines which tells that the market is in his way for up trend.
Using the donchain channel you can see the price moving at the upper edge of it then I can think about south direction for the price as long as no opposite signs Currently the awesome oscillator has a Currently the awesome oscillator has a appear on awesome oscillator.
Currently the awesome oscillator has a green bars which appears above the level of 0 which can be considered as a good buy signal.
Same on the stostatic indicator which show a sell signal by getting a clear bearish cross between two lines near the 80th 80 level.
Till now up trend seems to be a stronger choice although waiting for buy signals on all the indicators together is a best case but by the way buying the pair targeting the up line of the channel or the high level of donchain channel is not bad idea http://bigimage.cz/photos/20141208141801998268153.gif