[B]Live Signal alert No : 3439 Intraday Buy Entry Nzd / Usd @ 0.8685 Stoploss @ 0.8645 Target : 0.8725 Now Trading Around 0.8688 ( 07.05.2014 )[/B]
NZD/USD was in a strong and consistent downtrend during the recent Days that sellers were successful in obtaining the lowest price of 0.84000. As it is obvious in the picture below, price with reaching to the supportive edge of down channel also round support level has been stopped from more descend and by forming a bottom price of 0.84000 has prepared the field for ascending of price. (Sellers use the supportive edge( also round support level) of that to leave their trades.)
As it is obvious in the picture below, there is non-ideal butterfly pattern between the top price of 0.87779 and the bottom price of 0.84000 that there is a potential for ceasing of price from D point of this pattern. Stoch indicator in Daily time frame is in saturation sell area and with the next cycle warns about ascending of price during the next candles. According to the technical signs, there is no clear reason for descending of the price in daily time frame and Generally according to the formed signs in price chart until the bottom price of 0.84000 is preserved, price will have the potential for ascending and reformation.
[B]Technical Analysis of NZD/USD dated 2014.06.06[/B]
NzdUsd : 07/12/2017 Technical Analysis Report From Centreforex
Our Preference: Buy Above 0.6800 for the target of 0.6900 level
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- NzdUsd was trading in the equidistant channel lines and its trading in the sideways movement and now new triangle pattern was formed and lower side we got one more support level of horizontal line, so we can buy near key support level and except upto next key resistance level :- which we have shown in attached image.
NzdCad : 12/12/2017 Technical Analysis Report From Centreforex
Our Preference: Buy Above 0.8840 for the target of 0.9030
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- NzdCad was broken the ascending triangle pattern on upper side and it sbroken the key resistance of the horizontal so we can except on buying side and we can near intraday support levels and except upto next key resistance levels:- which we have shown in attached image.
NzdUsd : 19/12/2017 Technical Analysis Report From Centreforex
Our Preference: Sell Below 0.7020 for the target of 0.6980 level
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- NzdUsd was trading in the triangle pattern now its trading near upper trend line, so we can sell near key resistance level and except upto next key support level :- which we have shown in attached image.
By Subramanian From Centreforex