Thread: Nzd/Jpy
Trading analysis for 27th August, 2014. In Daily chart NZDJPY shows bullish trend. At present NZDJPY breaks 1st and 2nd resistance levels. Next strong resistance level is 87.376.
Pivot: 86.649
Resistance levels
R1 86.833
R2 87.009
R3 87.193
R4 87.376
Support levels
S1 86.473
S2 86.289
S3 86.113
S4 85.936
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analysis for today 8 / 27 / 2014
NZD/JPY
Resistance : R1 87.39 R2 87.64 R3 87.84 R4 88.14
Support : S1 86.21 S2 85.96 S3 85.76 S4 85.46
Open : 86.67
High : 86.96
Low : 86.64
Range : 32 Pips
Running Price : 86.87
Strategy : BUY at the level 86.87 stop loss at the level 86.21 target take profit at the level 87.84 or at the level 88.14
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analysis for today 8 / 27 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDJPY on the date 8 / 26 / 2014
OPEN 86.76
HIGH 86.83
LOW 86.47
CLOSED 86.66
The third resistance (R3) 86.83 - ( 86.65 - 86.47 = 0.18 x 2 = 0.37 )= 87.20
The second Resistance (R2) 86.65 + 86.83 - 86.47 = 87.01
First resistance (R1) 86.65 x 2 = 173.31 - 86.47 = 86.84
pivot points 86.83 + 86.47 + 86.66 = 259.96 / 3 = 86.65
Support for the first (S1) 86.65 x 2 = 173.31 - 86.83 = 86.48
Support second (S2) 86.65 - ( 86.83 - 86.47 = 0.36 ) = 86.29
Third Support (S3) 86.47 - ( 86.83 - 86.65 = 0.18 x 2 = 0.35 )= 86.12
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analysis for today 8 / 26 / 2014
NZD/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 87.20
Retracement (50%) 87.11
retracement (61,8%) 87.01
Extensions (61.8%) 88.03
Extensions (100.0%) 88.35
Extensions (138.2%) 88.67
Extensions (161.8%) 88.86
calculation based on a Fibonacci retracement then today I choose buy
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pair- nzd/jpy
chart analysis time frame- m30
the price is falling to the fibo support at 78.6 level but daily support at 86.46 level hold down movement and price is moving up with making double bottom chart pattern. the macd indicator is also ready to give up movement signal. long with take profit at the 87.00 and stop loss at 86.00
good luck
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analysis for today 8 / 26 / 2014
NZD/JPY
Resistance : R1 87.22 R2 87.47 R3 87.67 R4 87.97
Support : S1 86.08 S2 85.83 S3 85.63 S4 85.33
Open : 86.76
High : 86.83
Low : 86.47
Range : 36 Pips
Running Price : 86.58
Strategy : SELL at the level 86.58 stop loss at the level 87.22 target take profit at the level 85.63 or at the level 85.33
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analysis for today 8 / 26 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDJPY on the date 8 / 25 / 2014
OPEN 87.51
HIGH 87.52
LOW 86.69
CLOSED 86.77
The third resistance (R3) 87.52 - ( 86.99 - 86.69 = 0.30 x 2 = 0.61 )= 88.13
The second Resistance (R2) 86.99 + 87.52 - 86.69 = 87.82
First resistance (R1) 86.99 x 2 = 173.99 - 86.69 = 87.30
pivot points 87.52 + 86.69 + 86.77 = 260.98 / 3 = 86.99
Support for the first (S1) 86.99 x 2 = 173.99 - 87.52 = 86.47
Support second (S2) 86.99 - ( 87.52 - 86.69 = 0.83 ) = 86.16
Third Support (S3) 86.69 - ( 87.52 - 86.99 = 0.53 x 2 = 1.05 )= 85.64
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analysis for today 8 / 25 / 2014
NZD/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 87.20
Retracement (50%) 87.25
retracement (61,8%) 87.30
Extensions (61.8%) 86.76
Extensions (100.0%) 86.59
Extensions (138.2%) 86.42
Extensions (161.8%) 86.32
calculation based on a Fibonacci retracement then today I choose sell
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analysis for today 8 / 25 / 2014
NZD/JPY
Resistance : R1 87.58 R2 87.83 R3 88.03 R4 88.33
Support : S1 86.77 S2 86.52 S3 86.32 S4 86.02
Open : 87.51
High : 87.52
Low : 86.83
Range : 69 Pips
Running Price : 86.97
Strategy : SELL at the level 86.97 stop loss at the level 87.58 target take profit at the level 86.32 or at the level 86.02
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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analysis for today 8 / 25 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDJPY on the date 8 / 22 / 2014
OPEN 87.25
HIGH 87.47
LOW 87.03
CLOSED 87.23
The third resistance (R3) 87.47 - ( 87.24 - 87.03 = 0.21 x 2 = 0.43 )= 87.90
The second Resistance (R2) 87.24 + 87.47 - 87.03 = 87.68
First resistance (R1) 87.24 x 2 = 174.49 - 87.03 = 87.46
pivot points 87.47 + 87.03 + 87.23 = 261.73 / 3 = 87.24
Support for the first (S1) 87.24 x 2 = 174.49 - 87.47 = 87.02
Support second (S2) 87.24 - ( 87.47 - 87.03 = 0.44 ) = 86.80
Third Support (S3) 87.03 - ( 87.47 - 87.24 = 0.23 x 2 = 0.45 )= 86.58
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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