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analysis for today 12 / 12 / 2014
EUR/NZD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.5900
Retracement (50%) 1.5919
retracement (61,8%) 1.5937
Extensions (61.8%) 1.5743
Extensions (100.0%) 1.5683
Extensions (138.2%) 1.5623
Extensions (161.8%) 1.5585
calculation based on a Fibonacci retracement then today I choose sell
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According to the vestro indicator for the EURNZD pair it indicates a bullish saturation on its last move then I will use it to predict a upward direction for now.
On the chart the price is located quite below the price of the grey level at 1.5905 which is the resistance level and according to this bearish trend that we can assumed we can enter a sell positions targeting the next support near the area 1.5841 and then you can use level 1.5777 as your next target .
But clearly opposite signals on the vestor or if the price breaks the 1.5945 level you should start thinking about a bullish trend.
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Mureedabbas (2019-03-14)
Compared to yesterday we can notice that a new daily opening was higher than that of the last day which implies to us that the trend was taking up direction on the last day.
According to what we saw on the EURNZD chart today we know that a red down arrow signal is taking place above the price proving to us that a bearish signal is taking place for the short term trading.
Taking that case into consideration I do think that the last opening at 1.5855 should be acting as a take profit level as it is at the same time a strong support and the price might be having hard time trying to break such level and heading down In the end I do think that following up the trading systems rules would be the best and that is by waiting for a clear red line on the check indicator and also at the same time the color of the trader indicator should be red and that of course in order to make sure that it is the right bearish trend before making any attempt for any sell positions.
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Mureedabbas (2019-03-14)
The EURNZD chart before us is giving us a down trend signal as the 3 EMA 2 and 5 and 6 are currently moving below the EMA 35 so after the other indicators confirm the bearish direction logically i will head for sell positions .
above 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 downward also monitoring the sell signal in front us on the MACD indicator which is currently moving below the level 0 for now in addition to that there is a downward signal formed by the CCI line which is currently located at lower level .
So based on the EMAs signals shown i can say that i do prefer the selling positions that are if no bullish signals are shown in front of us .
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Mureedabbas (2019-03-14)
Based on the hourly chart of the blade oscillator the EURNZD is having a strong bearish trend by locating at 0.0014 below the level of balance and the indicator is red colored that means there is a strong bearish move will happen in a short time .
By using moving average 5 we will notice a down slope so 1.5888 could be considered a good stop loss for if there were sell positions as it is considered the last top by using the indicators signals .
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Mureedabbas (2019-03-14)
In the EURNZD chart in front of us we can see that there is a bearish cross between the EMAs 9 and 152 which shows that the price may take a south direction for the next few hours.
By monitoring the Histogram indicator we get to see the line formed to be red like the last signal to make for the pair a bearish signal by becoming below 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 below the level of 0 at Guru Indicator and showing a red color is to show that the price is taking a bearish ction at the moment.
Clearly as you can see
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Mureedabbas (2019-03-14)
Today on the EURNZD chart we can see that the price is moving below EMA indicators taking a bearish direction.
We can also see that the RSI indicator is giving us a sell signal according to the position of the line which is currently below the center line of 35.
We can also use the data from the MACD indicator to determine like in the case that the bears are the ones controlling the market in the current period and thats because of the green lines heading down in my opinion.
I do think that the going with the bears for the current day would be wise but that would be until the price gets above the EMA indicator wave creating by that a new buy signal .
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Mureedabbas (2019-03-14)
When trying to analyze the EURNZD there is a bearish 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 down trend.
Using the donchain channel you can see the price moving at the lower edge of it then I can think about north 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 red bars which appears below the level of 0 which can be considered as a good sell signal.
Same on the stostatic indicator which show a sell signal by getting a clear bearish cross between two lines near the 80th 20 level.
Till now down trend seems to be a stronger choice although waiting for sell signals on all the indicators together is a best case but by the way selling the pair targeting the down line of the channel or the low level of donchain channel is not bad idea![]()
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.
Mureedabbas (2019-03-14)
On the EURNZD chart the momentum indicator shows clearly a cross as the blue line goes above the red line to make a good #NAME? signal for the current time.
The Oracle Strength indicator shows a yellow color and that indicates a upward direction on the EURNZD chart.
To be more accurate you can see the red colored arrows which mean that there is a downward signal for now on the Oracle direction indicator.
From all the data from the indicators above and as long as the momentum indicator shows a buy cross the upward trend is shown on the chart and my advice is to go for the buy trades as long as the ATR indicator shows a buy signals.
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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.
Mureedabbas (2019-03-14)
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