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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.
time frame- m30
the price is moving in the channel pattern. it has a strong resistance at the 1.6663 and support at the pivot point 1.6580 level the cci indicator is now moving up to the +100 level and giving us long signal. we can long this pair with the take profit at 1.6720 and stop loss at the 1.6560
good luck
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today i like to sell this pair @ 1.6627
my stop loss of the day @ 1.6650
half take profit for today @ 1.6600
and further half take profit @ 1.6577
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Daily pivot Fibonacci points: Resistance levels: R1: 1.6649 R2: 1.6686 R3: 1.6772 Support levels: S1: 1.6570 S2: 1.6440 S3: 1.6405
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EUR/NZD (Daily Trade)
Resistance : 1.6666 1.6674 1.6700
Support : 1.6574 1.6512 1.6494
High / Low : 1.6666 / 1.6574
Running Price : 1.6609
for intraday trade today suggest Buy at the level 1.6607, stop loss at the level 1.6574, target take profit at the level 1.6674
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Eur/nzd technical analysis
date : 07.31.2013
time : 04:00 GMT
time frame : 15 min
indicator :
1) RSI (14)
value: 55.92
2) MACD (26,12,9)
value: -0.0002
3) ADX (14)
value: 14.67
4)CCI(14)
value: 12.59
overall trend - slightly bearish.
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elliott flat correction down 1.6376 market should not go lower than 1.6408 - 1.6315 after this move down it should go up to 1.6553 - 1.6606 area
support and resistances
res2 1.6792
res1 1.6606
piovt 1.6501
sup1 1.6315
sup2 1.6219
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Eur/nzd analysis for 07.31.2013 by using pivot indicator.
r3: 1.66934
r2: 1.66164
r1: 1.65599
pivot: 1.64829
s1: 1.64264
s2: 1.63494
s3: 1.62929
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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