Tuesday, October 30, 2012

NZDUSD 20121031

NZDUSD is found near resistance zone 

Support & resistance level are drawn in red and blue color in the charts 
if Pair break above 0.8240 then pair may test resistance @0.8374
Alternate view pair has most rejecting level @ 0.8240  if pair breaks below trendline then it will be temporary downside towards support in blue



Waves from Hurricane Sandy batter shores of Ocean City, Maryland - Rough Cuts

Waves from Hurricane Sandy batter shores of Ocean City, Maryland - Rough Cuts



Monday, October 22, 2012

EURUSD has formed three patterns for bullish

EURUSD has formed three patterns

1. Triangle pattern

2. double bottom pattern

3. regular bullish divergence

Above pattern has formed above trendline and RSI(14) IS ABOVE 50

i feel fed will not change it's policy before presidential election in US on November 6, 2012

LONG TERM VIEW IS BULLISH TOWARDS 1.3300 BEFORE MID NOVEMBER


please refer chart below



Your Words and Thoughts have Physical Power




Your Words and Thoughts have Physical Power




Wednesday, October 10, 2012

NZDUSD has formed falling wedge pattern


NZDUSD has formed falling wedge pattern and triangle pattern
Pair finds Support zone between Fibonacci level 38.2% and level 50% As shown in chart below 
If pair manage to break trendline@ 0.82 coming from 2nd Oct,2012 ' high then it opens target towards 0.85
Alternate view 
If pair breaks Strong Support level 0.8140 then pair may test support @0.800

AUDUSD HAS TRIANGLE PATTERN


AUDUSD has formed triangle pattern 
Pair has  support @1.0152 & resistance @1.0330
if Pair breaks above triangle then pair may test resistance @1.0330

ELLIOT WAVE COUNTING 


Monday, October 8, 2012

AUDUSD 20121009



AUDUSD  has formed Double Top pattern in Daily chart
Pair is rejecting from Support Zone ( 1.0152 to 1.0100)
Pair has formed bullish divergence in 4hourly charts
More chance Pair may reject from these level (pink Line)
i m looking more upside
if Pair breaks Support level @1.010 then Pair may test support@0.97



NZDUSD20121008


NZDUSD has formed Regular Bullish divergence 
And Pair has consolidate at this level 
please refer charts of nzdusd below 

Tuesday, October 2, 2012

EURUSD BULLISH 2nd Sep

EURUSD has formed Bullish Emgulfing Pattern above trendline 
Pair has maintained Relative Strength Index (RSI) Above 50 level 
If Pair break above 1.2940 then pair may test resistance @1.3160
Recommend: Buy @1.2940 target @1.3140 , 1.33 Stop @1.2740
please refer chart below