NZD/USD Bearish on charts

The primary trend of NZD/USD is bearish on charts but from past few trading sessions prices are not sustaining at lower levels & consolidating below its falling trend line. In its hourly chart, prices are consolidating with strong positive bias to give break out at upside. It is also taking support of 30 DMA and if it breaks its resistance level, it can come up to test its 200 DMA. If the pair breaks the resistance level of 0.7480 at upside then we can expect it to test the level of 0.7535/0.7565.

INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.

STRATEGY:- NZD/USD has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions. 

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.0637	1.0677	1.0721	1.0761	1.0805	1.0845	1.0889
GBP/USD	1.4613	1.4675	1.4749	1.4811	1.4885	1.4947	1.5021
USD/JPY	118.40	118.90	119.34	119.84	120.28	120.78	121.22
USD/CHF	0.9517	0.9578	0.9623	0.9684	0.9729	0.9790	0.9835
AUD/USD	0.7479	0.7529	0.7565	0.7615	0.7651	0.7701	0.7737
EUR/GBP	0.7154	0.7191	0.7226	0.7263	0.7298	0.7335	0.7370
USD/CAD	1.2420	1.2496	1.2559	1.2635	1.2698	1.2774	1.2837
NZD/USD	0.7292	0.7341	0.7396	0.7445	0.7500	0.7549	0.7604

FOREX Forecast for GBP/USD Today

On last trading session, market profile British pound can be attributed to trend day. The British pound rose against the U.S. dollar after weak GDP data placed enormous pressure on the U.S. currency. On the day the fair price protection zones are located in areas VAL- 1.6805 and VAH- 1.6871. Control point POC was formed in 1.6823.

Forecast for Today

GBP/USD Forecast For Today

During today's Asian session, the British pound was trading in a narrow sideways channel against the U.S. dollar. During yesterday bulls are selected and tested weekly goal area VAL from August 4, 2009- 1.6894, which now is the first level of resistance. A move above this level will open new horizons for customers in the area of ​​POC from August 2, 2009- 1.6933, and POC August 5- 1.6967. The farthest goal for today will be a test on the same day VAH- 1.6991 and VAH 6 August- 1.7031.

As for sales, they will all be limited to the first level of support VAH, April 30- 1.6871, below which the bears can also abut the VAH, April 28- 1.6854, and then the level of POC on the same day- 1.6842. The farthest goal is to test VAH April 29- 1.6830.

FOREX Forecast For Today: 13th Feb 2014

Quotes performed reversal in favor of England currency and consolidation of correctional Fibo level 100.0%-1.6334. As a result, the growth rate continues towards the next correction level 161.8%-1.7255. Emerging divergence in none of the indicator is not observed. Securing the pair below the 100% Fib allows traders to expect a reversal in favor of the U.S. dollar and a fall in the direction of the correctional level of 76.4%-1.5975.

British pound whenever tried to continue its upward trend against the U.S. dollar , but any strong growth wave constantly led to correction of the pair down and removal of stop orders buyers. In general, the bulls have achieved what they wanted, but at what cost? On the day the fair price protection zones are located in areas VAL - 1.6414 and VAH -1.6470. Control point POC was formed in 1.6448.

Forecast for today:

During today's Asian session, the British pound was trading in a narrow sideways channel against the U.S. dollar.

In case of further movement of the pair up , the first level of resistance will VAH from February 11-1.6470 , above which the British can catch POC from January 30 - 1.6480 from which further strengthened with the primary purpose test VAL, January 27-1.6511 and VAL 29 January - 1.6549.

If the Bears will have a strong growth and GBP / USD will be limited , a good level of support for the pair perform VAH region from February 3 - 1.6439 , below which the decline of the pound may lead to test POC from February 10 - 1.6409 and then VAH from February 7 - 1.6385 . Fastening under these levels return GBP / USD to test VAH from February 5 - 1.6341 and then VAH 6 February - 1.6324. The farthest goal is to decline to POC from February 4 - 1.6305.

EUR/JPY Trend and FOREX Forecast For January 24

Browse by EUR/JPY and the forecast for January 24.

According to preliminary expectations, yesterday the pair worked price rise to the calculated resistance zones, providing those who follow my recommendations, a decent profit in the amount of the price figures.

At this time, all the upward correction has finished appearance as in its internal structure, and the degree of the minimum required elongation.

Throughout the second half of yesterday quotes couples vigorously moved down, starting to form a potentially bearish reversal design.

Pre it may indicate that the internal correction downward trend wave larger scale (as of 12/27/13) completed and began his formation down the final portion of the trend wave. Simply put, the expected short-term trend change in the direction of the flat in the corridor senior TF sized diurnal variation of the pair to deliberate descent prices.

To complete the formation of topping zigzag this is only speculation. Elongation up the final part of bullish correction can not be excluded yet.

In the next session we expect the weak sentiment in ascending to the flat nature of the pair fluctuations. Do not rule out pre- small probability of pressure on the support area.

Support area:- 141.15/140.90, Below today do not wait.

Resistance zone:- 141.75/95-142.30/45 (achievement zone unlikely today) Above in the day did not expect.

Trading recommendations: Situation likely change the direction of short-term trend. Beginners recommend avoiding trade transactions. In the presence of skill in flat lot may be limited to the purchase transaction with the potential to counter a potential reversal zones.

FOREX Forecast For Today: 15th Jan

For the euro / dollar and dollar / franc while watching the structure of 9 January as the main reference point. For the GBP / USD price is in the correction zone from falling structure on January 10. The pair dollar / yen formed potential for the top , but expressed initial conditions we do not observe . For the euro / yen and pound / yen pair is similar to painting Dollar / Yen and here we expect a more specific structure formation .

Forecast for January 15 :

For the euro / dollar important levels are 1.3834, 1.3791, 1.3771, 1.3719, 1.3699, 1.3654, 1.3636, 1.3605 and 1.3551. Here the rising structure of 9 January is still relevant for the purposes of the definition. Short-term upward movement forward in the corridor 1.3699-1.3719, break of the latter should be accompanied by a strong upward movement, the Target here- 1.3771, 1.3771 in the hallway- 1.3791 price consolidation. Potential value for the top level of 1.3834 believe at which downward pullback . Short-term downward movement is possible in the corridor 1.3636-1.3605, hence we expect the key reversal up, breakdown of the level 1.3605 will favor the falling structure , in this case the target- 1.3551.