empty
 
 
21.08.2012 09:24 AM
NZD/USD: Intraday Technical Analysis for August 21, 2012

This image is no longer relevant

 

This image is no longer relevant

Weekly Pivot Point:

R3: 0,8220
R2: 0,8175
R1: 0,8125
PP: 0,8080
S1: 0,8030
S2: 0,7985
S3: 0,7935
 

This image is no longer relevant

Overview:

The NZD/USD pair is expected to continue the movement from the point of 0.8058 (23.6% of Fibonacci retracement level on the H1 chart and the weekly pivot point). Thus, kiwi shows the signs of strength, following the breakdown of the highest level 0.8058. This fact can be considered as a good signal for BUY deals above the point 23.6% of Fibonacci retracement level on the H1 chart or at the level (0.8058) with the first targets 0.8110 and 0.8130 (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 at 100% of Fibonacci retracement (0.8131). However, in case of the reverse movement and if the NZD/USD pair fails to break through the resistance level 0.8130, the market will show a further decline to the 0.8080 level indicating a bearish mood in order to retest the weekly pivot point at 0.8040.

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