Woodie's Pivot Point daily calculation
Pair : NZD/USD
Date : Wednesday,March 26,2014
Resistance 3 = 0.8654
Resistance 2 = 0.8621
Resistance 1 = 0.8598
Pivot Point = 0.8565
Support 1 = 0.8542
Support 2 = 0.8509
Support 3 = 0.8486
Woodie's Pivot Point daily calculation
Pair : NZD/USD
Date : Wednesday,March 26,2014
Resistance 3 = 0.8654
Resistance 2 = 0.8621
Resistance 1 = 0.8598
Pivot Point = 0.8565
Support 1 = 0.8542
Support 2 = 0.8509
Support 3 = 0.8486
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NZDUSD went up on the last US session and finally had broken the resistance level at 0.8552. So, with this breaking, I think NZDUSD will be able to go up higher and reach the next resistance level at 0.8603. Then, if NZDUSD can also break that resistance, this pair will goes up again to the higher resistance level at 0.8657.
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analysis for today 3 / 26 / 2014
NZD/USD
Resistance : R1 0.8643 R2 0.8668 R3 0.8688 R4 0.8718
Support : S1 0.8515 S2 0.8490 S3 0.8470 S4 0.8440
Open : 0.8575
High : 0.8590
Low : 0.8568
Range : 22 Pips
Running Price : 0.8586
Strategy : BUY at the level 0.8586 stop loss at the level 0.8515 target take profit at the level 0.8688 or at the level 0.8718
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Trade forex pivot point calculations based on today's.
Pair = NZDUSD
Date = Tuesday, March.25.2014
Pivot point Result
Resistance 3 = 0.8629
Resistance 2 = 0.8598
Resistance 1 = 0.8577
Pivot point = 0.8546
Support 1 = 0.8525
Support 2 = 0.8494
Support 3 = 0.8473
Market price prediction
if buy at = 0.8515
take profit = 0.8608
stop loss = 0.8484
is sell at = 0.8567
take profit = 0.8504
stop loss = 0.8588
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analysis for today 3 / 25 / 2014
NZD/USD
Resistance 3 0,8670
Resistance 2 0,8640
Resistance 1 0,8620
Pivot Point 0,8544
Support 1 0,8483
Support 2 0,8463
Support 3 0,8433
BUY STOP 0,8620 STOP LOSS 0,8483 TAKE PROFIT 0,8640
SELL STOP 0,8483 STOP LOSS 0,8620 TAKE PROFIT 0,8463
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I am on this trade to the downside to exit the trade at 0.8455. There is a temporary retracement to the upside but I am seeing a plus 100 pips down after the break. this is one thing most forex traders don't take into cognizance. I am of the opinion that before placing a trade, a good practice of the currency pairs should be done.
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Yesterday the pair NZD / USD tested the level of resistance in the weekly price 0.8558, but failed to gain a foothold and and stochastics on H1 chart now indicates the growth and it is possible that the pair will rise to the level of resistance in the price of 0.8568 and above.
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NZDUSD had been rejected successfully by the trend line on H4 time frame yesterday. After that breaking, NZDUSD had also broken the resistance level at 0.8552. So, I think now NZDUSD is in bullish condition and may goes up to the next resistance level at 0.8603.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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