gbp/nzd

http://prntscr.com/416jrf
analysis for today 7 / 10 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 7 / 9 / 2014
OPEN 1.9488
HIGH 1.9499
LOW 1.9408
CLOSED 1.9441

The third resistance (R3) 1.9499 -( 1.9449 - 1.9408 = 0.0041 x 2 = 0.0083 )= 1.9582
The second Resistance (R2) 1.9449 + 1.9499 - 1.9408 = 1.9540
First resistance (R1) 1.9449 x 2 = 3.8899 - 1.9408 = 1.9491
pivot points 1.9499 + 1.9408 + 1.9441 = 5.8348 / 3 = 1.9449
Support for the first (S1) 1.9449 x 2 = 3.8899 - 1.9499 = 1.9400
Support second (S2) 1.9449 -( 1.9499 - 1.9408 = 0.0091 ) = 1.9358
Third Support (S3) 1.9408 -( 1.9499 - 1.9449 = 0.0050 x 2 = 0.0099 )= 1.9309

http://prntscr.com/419w4s
analysis for today 7 / 10 / 2014
GBP/NZD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.9443
Retracement (50%) 1.9454
retracement (61,8%) 1.9464

Extensions (61.8%) 1.9352
Extensions (100.0%) 1.9317
Extensions (138.2%) 1.9282
Extensions (161.8%) 1.9261
calculation based on a Fibonacci retracement then today I choose sell

http://prntscr.com/41jx5e
analysis for today 7 / 11 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 7 / 10 / 2014
OPEN 1.9441
HIGH 1.9455
LOW 1.9404
CLOSED 1.9413

The third resistance (R3) 1.9455 -( 1.9424 - 1.9404 = 0.0020 x 2 = 0.0040 )= 1.9495
The second Resistance (R2) 1.9424 + 1.9455 - 1.9404 = 1.9475
First resistance (R1) 1.9424 x 2 = 3.8848 - 1.9404 = 1.9444
pivot points 1.9455 + 1.9404 + 1.9413 = 5.8272 / 3 = 1.9424
Support for the first (S1) 1.9424 x 2 = 3.8848 - 1.9455 = 1.9393
Support second (S2) 1.9424 -( 1.9455 - 1.9404 = 0.0051 ) = 1.9373
Third Support (S3) 1.9404 -( 1.9455 - 1.9424 = 0.0031 x 2 = 0.0062 )= 1.9342

http://prntscr.com/41mwei
analysis for today 7 / 11 / 2014
GBP/NZD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.9423
Retracement (50%) 1.9430
retracement (61,8%) 1.9436

Extensions (61.8%) 1.9372
Extensions (100.0%) 1.9353
Extensions (138.2%) 1.9334
Extensions (161.8%) 1.9321
calculation based on a Fibonacci retracement then today I choose sell

http://prntscr.com/42hoos
analysis for today 7 / 14 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 7 / 11 / 2014
OPEN 1.9414
HIGH 1.9444
LOW 1.9393
CLOSED 1.9414

The third resistance (R3) 1.9444 -( 1.9417 - 1.9393 = 0.0024 x 2 = 0.0048 )= 1.9492
The second Resistance (R2) 1.9417 + 1.9444 - 1.9393 = 1.9468
First resistance (R1) 1.9417 x 2 = 3.8834 - 1.9393 = 1.9441
pivot points 1.9444 + 1.9393 + 1.9414 = 5.8251 / 3 = 1.9417
Support for the first (S1) 1.9417 x 2 = 3.8834 - 1.9444 = 1.9390
Support second (S2) 1.9417 -( 1.9444 - 1.9393 = 0.0051 ) = 1.9366
Third Support (S3) 1.9393 -( 1.9444 - 1.9417 = 0.0027 x 2 = 0.0054 )= 1.9339

After a rebounced from the base line of tendency channel and shut above fibo 38.2 so i believe gbp/nzd is potential to make more correction which it can come to up to fibo 61.8 or 76.4. Furthermore, fibo 0.0 and fibo 100 as Support and opposition on D1 chart.

http://prntscr.com/42l4qh
analysis for today 7 / 14 / 2014
GBP/NZD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.9412
Retracement (50%) 1.9419
retracement (61,8%) 1.9425

Extensions (61.8%) 1.9361
Extensions (100.0%) 1.9342
Extensions (138.2%) 1.9323
Extensions (161.8%) 1.9310
calculation based on a Fibonacci retracement then today I choose sell

http://prntscr.com/42s5be
analysis for today 7 / 15 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 7 / 14 / 2014
OPEN 1.9423
HIGH 1.9439
LOW 1.9363
CLOSED 1.9394

The third resistance (R3) 1.9439 -( 1.9399 - 1.9363 = 0.0036 x 2 = 0.0071 )= 1.9510
The second Resistance (R2) 1.9399 + 1.9439 - 1.9363 = 1.9475
First resistance (R1) 1.9399 x 2 = 3.8797 - 1.9363 = 1.9434
pivot points 1.9439 + 1.9363 + 1.9394 = 5.8196 / 3 = 1.9399
Support for the first (S1) 1.9399 x 2 = 3.8797 - 1.9439 = 1.9358
Support second (S2) 1.9399 -( 1.9439 - 1.9363 = 0.0076 ) = 1.9323
Third Support (S3) 1.9363 -( 1.9439 - 1.9399 = 0.0040 x 2 = 0.0081 )= 1.9282

http://prntscr.com/42xacc
analysis for today 7 / 15 / 2014
GBP/NZD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.9410
Retracement (50%) 1.9401
retracement (61,8%) 1.9392

Extensions (61.8%) 1.9486
Extensions (100.0%) 1.9515
Extensions (138.2%) 1.9544
Extensions (161.8%) 1.9562
calculation based on a Fibonacci retracement then today I choose buy

http://prntscr.com/434vu0
analysis for today 7 / 16 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 7 / 15 / 2014
OPEN 1.9395
HIGH 1.9585
LOW 1.9376
CLOSED 1.9547

The third resistance (R3) 1.9585 -( 1.9503 - 1.9376 = 0.0127 x 2 = 0.0253 )= 1.9838
The second Resistance (R2) 1.9503 + 1.9585 - 1.9376 = 1.9712
First resistance (R1) 1.9503 x 2 = 3.9005 - 1.9376 = 1.9629
pivot points 1.9585 + 1.9376 + 1.9547 = 5.8508 / 3 = 1.9503
Support for the first (S1) 1.9503 x 2 = 3.9005 - 1.9585 = 1.9420
Support second (S2) 1.9503 -( 1.9585 - 1.9376 = 0.0209 ) = 1.9294
Third Support (S3) 1.9376 -( 1.9585 - 1.9503 = 0.0082 x 2 = 0.0165 )= 1.9211

http://prntscr.com/439wf7
analysis for today 7 / 16 / 2014
GBP/NZD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.9505
Retracement (50%) 1.9481
retracement (61,8%) 1.9456

Extensions (61.8%) 1.9714
Extensions (100.0%) 1.9794
Extensions (138.2%) 1.9874
Extensions (161.8%) 1.9923
calculation based on a Fibonacci retracement then today I choose buy

http://prntscr.com/43k3kj
analysis for today 7 / 17 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 7 / 16 / 2014
OPEN 1.9546
HIGH 1.9710
LOW 1.9541
CLOSED 1.9665

The third resistance (R3) 1.9710 -( 1.9639 - 1.9541 = 0.0098 x 2 = 0.0195 )= 1.9905
The second Resistance (R2) 1.9639 + 1.9710 - 1.9541 = 1.9808
First resistance (R1) 1.9639 x 2 = 3.9277 - 1.9541 = 1.9736
pivot points 1.9710 + 1.9541 + 1.9665 = 5.8916 / 3 = 1.9639
Support for the first (S1) 1.9639 x 2 = 3.9277 - 1.9710 = 1.9567
Support second (S2) 1.9639 -( 1.9710 - 1.9541 = 0.0169 ) = 1.9470
Third Support (S3) 1.9541 -( 1.9710 - 1.9639 = 0.0071 x 2 = 0.0143 )= 1.9398

http://prntscr.com/43lnhs
analysis for today 7 / 17 / 2014
GBP/NZD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.9645
Retracement (50%) 1.9626
retracement (61,8%) 1.9606

Extensions (61.8%) 1.9814
Extensions (100.0%) 1.9879
Extensions (138.2%) 1.9944
Extensions (161.8%) 1.9983
calculation based on a Fibonacci retracement then today I choose buy

http://prntscr.com/43vf57
analysis for today 7 / 18 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 7 / 17 / 2014
OPEN 1.9664
HIGH 1.9735
LOW 1.9628
CLOSED 1.9720

The third resistance (R3) 1.9735 -( 1.9694 - 1.9628 = 0.0066 x 2 = 0.0133 )= 1.9868
The second Resistance (R2) 1.9694 + 1.9735 - 1.9628 = 1.9801
First resistance (R1) 1.9694 x 2 = 3.9389 - 1.9628 = 1.9761
pivot points 1.9735 + 1.9628 + 1.9720 = 5.9083 / 3 = 1.9694
Support for the first (S1) 1.9694 x 2 = 3.9389 - 1.9735 = 1.9654
Support second (S2) 1.9694 -( 1.9735 - 1.9628 = 0.0107 ) = 1.9587
Third Support (S3) 1.9628 -( 1.9735 - 1.9694 = 0.0041 x 2 = 0.0081 )= 1.9547

http://prntscr.com/44qr6c
analysis for today 7 / 21 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPNZD on the date 7 / 18 / 2014
OPEN 1.9721
HIGH 1.9754
LOW 1.9638
CLOSED 1.9654

The third resistance (R3) 1.9754 -( 1.9682 - 1.9638 = 0.0044 x 2 = 0.0088 )= 1.9842
The second Resistance (R2) 1.9682 + 1.9754 - 1.9638 = 1.9798
First resistance (R1) 1.9682 x 2 = 3.9364 - 1.9638 = 1.9726
pivot points 1.9754 + 1.9638 + 1.9654 = 5.9046 / 3 = 1.9682
Support for the first (S1) 1.9682 x 2 = 3.9364 - 1.9754 = 1.9610
Support second (S2) 1.9682 -( 1.9754 - 1.9638 = 0.0116 ) = 1.9566
Third Support (S3) 1.9638 -( 1.9754 - 1.9682 = 0.0072 x 2 = 0.0144 )= 1.9494