empty
 
 
01.08.2012 02:59 PM
NZD/USD: Intraday Technical Analysis for August 1, 2012

This image is no longer relevant

 

 

 

  • Strong Resistance: 0.8198. Take profit at this level (Bought already since July 24, 2012). 
  • Strong Support: 0.8060.

This image is no longer relevant

 

Overview:
The NZD/USD pair is expected to continue the movement from the point of 0.8060 (88% of Fibonacci retracement level on the H1 chart). Thus, kiwi shows the signs of strength, following the breakdown of the highest level 0.8060. This fact can be considered as a good signal for BUY deals above the point 88% & 100% of Fibonacci retracement level on the H1 chart or at the level (0.8068) with the first targets 0.8145 and 0.82 (it will act as a strong resistance level and is considered to be appropriate for Take Profit orders). It is necessary to mention that this level will coincide between 161.8% of Fibonacci retracement (0.8288) and 100% of Fibonacci retracement (0.81041) However, in case of the reverse movement and if the NZD/USD pair fails to break through the resistance level 0.8198, the market will show a further decline to the 0.8105 level indicating a bearish mood in order to retest the weekly pivot point 1 at 0.8003.

If you have any questions or requests, please feel free to contact me: [email protected].

Summary
Urgency
Analytic
Mourad El Keddani
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $10000 más!
    ¡En Enero, sorteamos $10000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback