Daily analysis for EURNZD
EURNZD flat correction down 1.5847, close to daily pivot point 1.5949
Elliott 1.6023
Closing 1.5944
Ex-Low 1.5912
Ex-High 1.5992
Support 1 1.5906
Support 2 1.5868
Resistance 1 1.5985
Resistance 2 1.6028
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Daily analysis for EURNZD
EURNZD flat correction down 1.5847, close to daily pivot point 1.5949
Elliott 1.6023
Closing 1.5944
Ex-Low 1.5912
Ex-High 1.5992
Support 1 1.5906
Support 2 1.5868
Resistance 1 1.5985
Resistance 2 1.6028
analysis for today 5 / 23 / 2014
EUR/NZD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.5955
Retracement (50%) 1.5946
retracement (61,8%) 1.5936
Extensions (61.8%) 1.6034
Extensions (100.0%) 1.6064
Extensions (138.2%) 1.6094
Extensions (161.8%) 1.6113
calculation based on a Fibonacci retracement then today I choose buy
Weekly technical analysis for EURNZD
EURNZD currently uptrend should end around 1.5988 - 1.6040 area. A correction down to 1.5893 - 1.5850 is expected. A rise above 1.6126 will abort the expected correction.
Key Point 1.5985
Entry Point 1.5929
Trendline 1 1.5833
Trendline 2 1.5915
Support 1 1.5850 Support 2 1.5747
Resistance 1 1.6040 Resistance 2 1.6126
Weekly analysis EURNZD 26-30 May 2014
EURNZD zigzag or flat correction 1.6082, No Pivot Points have been reached.
Elliott 1.5750
Closing 1.5954
Ex-Low 1.5833
Ex-High 1.6023
Support 1 1.5851
Support 2 1.5748
Resistance 1 1.6041
Resistance 2 1.6127
analysis for today 5 / 26 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURNZD on the date 5 / 23 / 2014
OPEN 1.5937
HIGH 1.6306
LOW 1.5913
CLOSED 1.5935
The third resistance (R3) 1.6306 -( 1.6051 - 1.5913 = 0.0138 x 2 = 0.0277 )= 1.6583
The second Resistance (R2) 1.6051 + 1.6306 - 1.5913 = 1.6444
First resistance (R1) 1.6051 x 2 = 3.2103 - 1.5913 = 1.6190
pivot points 1.6306 + 1.5913 + 1.5935 = 4.8154 / 3 = 1.6051
Support for the first (S1) 1.6051 x 2 = 3.2103 - 1.6306 = 1.5797
Support second (S2) 1.6051 -( 1.6306 - 1.5913 = 0.0393 ) = 1.5658
Third Support (S3) 1.5913 -( 1.6306 - 1.6051 = 0.0255 x 2 = 0.0509 )= 1.5404
EURNZD pair price is taking Down direction I think 1.5912 might turn out to be a very strong support level which will be considered as a selling point if the it was broken by candle stick which will close under it. Otherwise we are to consider it a buying position. On the other hand the price 1.596 might turn out to be a strong resistance level which on the contrary with the support level we will start buying if the price breaks it or selling if the price rebounds. .
we can see in the 4h chart
the pair will go to down way to the down trend line
i see the pair will go to down way to 1.6200
stochastic refers that the pair will go down
so our target sell from 1.6300 and our target will 100pips
http://prntscr.com/3mymzm
analysis for today 5 / 27 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURNZD on the date 5 / 26 / 2014
OPEN 1.5934
HIGH 1.5975
LOW 1.5934
CLOSED 1.5955
The third resistance (R3) 1.5975 -( 1.5955 - 1.5934 = 0.0021 x 2 = 0.0041 )= 1.6016
The second Resistance (R2) 1.5955 + 1.5975 - 1.5934 = 1.5996
First resistance (R1) 1.5955 x 2 = 3.1909 - 1.5934 = 1.5975
pivot points 1.5975 + 1.5934 + 1.5955 = 4.7864 / 3 = 1.5955
Support for the first (S1) 1.5955 x 2 = 3.1909 - 1.5975 = 1.5934
Support second (S2) 1.5955 -( 1.5975 - 1.5934 = 0.0041 ) = 1.5914
Third Support (S3) 1.5934 -( 1.5975 - 1.5955 = 0.0020 x 2 = 0.0041 )= 1.5893
EURNZD price is taking Up direction I think 1.5931 might turn out to be a very strong support level which will be considered as a selling point if the it was broken by candle stick which will close under it. Otherwise we are to consider it a buying position. On the other hand the price 1.5958 might turn out to be a strong resistance level which on the contrary with the support level we will start buying if the price breaks it or selling if the price rebounds. .
pair- eur/nzd
chart analysis time frame- m30
http://i61.tinypic.com/35i5f5y.jpg
the cci indicator is above the 100 level and in the price chart it is break the resistance at 1.5970 level and moved above the daily resistance at 1.6009. the price may make some correction as moving down. hold the long entry with stop loss at 1.5980 and take profit at 1.6050
good luck.