Eur/Nzd

[RaKalan]

Support and resistance levels for the day: R3: 1.6035 R2: 1.6015 R1: 1.5978 Current Price: 1.5954 S1: 1.5931 S2: 1.5906 S3: 1.5860 summarize: the break down 1.5949 support canceled counting the rising waves. The question here is now no waves will be followed by a series of price movement first and second, or we will be looking to stretch a current price movement. If we look for a series of waves 1 and 2 of the fall from 1.6445 should remain the highest price break above 1.5717 to 1.6082, which will lead to a strong rally towards 1.6446 new and higher to 1.6800. However, if price breaks 1.5717 support, we are shifting to alternative scenario for the extension of the current count and will lead to further downside till 1.5660 before the recent rally up to 1.6800. Trading Signals: we will sell the euro from 1.5725 with a stop loss around 1.5710 or 1.6082 after the break higher.

[achyut]

Daily forecast: EURNZD 24 Oct. 2014.

Technical analysis for Daily forecast of EURNZD 24 October, 2014. In Daily chart EURNZD shows bullish trend. At present EURNZD above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 1.66665.

Pivot: 1.61011

Resistance levels

R1 1.62571
R2 1.63544
R3 1.65104
R4 1.66665

Support levels

S1 1.60038
S2 1.58478
S3 1.57505
S4 1.56533

[alii.hassan]

the EURNZD pair is now moving at a bullish trend which can be recognized by the up blue arrow below the price and at the same time you can monitor the buy cross between the snake and T3_clean on the 1H chart Now to define the levels which may affect the direction you can use the resistance level at 1.6215 as a good area to claim the profits or keep buying if the price breaks it up while on the other hand the level 1.5895 could be used as a support which the stop loss level can be set Finally buying can be the right decision for now until an opposite sell cross occurs on the indicators or a red down arrow is shown .

[maggie]

the EURNZD pair for today seems to be on bullish trend according to the green color of the Super trend which is my main indicator to determine the market direction.
Also the Nonlog dot is blue colored which indicate a buy signal by the way.
Now the signals show a week bullish trend and a buy trades can take a place as soon as the Nonlog indicator changes to confirm the direction.
For the stop loss area I think there are 2 ways to exit if the super trend changes its color to be red or if the price hits the support at the area of 1.6075 which may mean that the bullish direction is over.

[mary]

According to the chart of EURNZA there are a main up trend signal as the 2 EMA 5 and 6 moving Above the slow EMA of 35 then I guess I will take a buy positions once the other indicators confirm the bullish direction.
There are a dots above the candles for parabolic sar indicator to indicate a downward direction and also I can monitor a buy signal on the MACD indicator which moving above the level 0 for now beside the CCI line is at the lower level to perform a downward signal.
As I said before according to the EMA locations buying is my favorite side for today as long as the price didn�t show any opposite bearish signals.
.

[Ramzy.hassan]

A top is drawn via ZigZag indicator to show a good chance that the EURNZD pair may head down upon the coming hours.
And the price is at the moment moving near the up edge of the Donchin band indicator which is a sign that can�t be neglected that the price will face a big difficult if it tries to move upward Then I guess betting on the downward direction have a better odds but only if the price can be able to have a closed candle below the support of 1.6135 which you can monitor it on the chart by the blue dots and waiting for the 2 SMA indicators to make a sell cross can be a better way to catch a strong sell trades In this case thinking about the resistance line at 1.6215 to be a stop level area can help in case of facing an opposite upward direction .

[hmmo]

A down channel is now drawn on the EURNZD and the price is suggested to keep going downward on the short term Also you can see the price hits the up edge of donchain channel which may be a signal for heading south If you checked Awesome oscillator it shows a red bar above the level of 0 to indicate a sell signal at the current time Also the stostatic is showing a bearish singal by having a sell cross and the lines near the level of 80 I gess according to this data selling can be a winning bet and you can target the low level of donchain channel but waiting a confirmation from the awesome oscillator can increase the chance for winning sell trades

[samoo]

A down channel is now drawn on the EURNZD and the price is suggested to keep going downward on the short term Also you can see the price hits the up edge of donchain channel which may be a signal for heading south If you checked Awesome oscillator it shows a red bar above the level of 0 to indicate a sell signal at the current time Also the stostatic is showing a bearish singal by having a sell cross and the lines near the level of 80 I gess according to this data selling can be a winning bet and you can target the low level of donchain channel but waiting a confirmation from the awesome oscillator can increase the chance for winning sell trades

[ali90]

While analyzing the EURNZD there is an up trend due to the chart as it shown an up arrow and a blue candles at Henikien Ashi indicator. In mean while the T3_clean indicator make an intersiction with Snake indicator to form a buy signal on the short term. At last the Trend session indicator showa a blue signal which means that there is a strong possiblilty of up trend for now. By previous givens I think that chosing buy trades is the best choice for current situation. For the target of buy operations we can consier that the resistance 1.6218 is a good point to get profits for any buy positions.

[troykilson]

A week bullish trend take a place on the hourly chart of the EURNZD as the Blade oscillator is now at 0.0023 area above the level of balance and at the same time the indicator is blue colored which is a week indication of bullish direction on the short term. On the chart itself you can see the moving average 5 sloping down and then you can consider the last bottom drawn by it at 1.6163 as a good stop loss if you need it in case of buy orders which is very advised according to the indicators signals.