Technical Analysis 09 October 2012

EURNZD Technical Analysis for W1 Time Frame

Lets start with EURNZD because all of its brother (GBPNZD,GBPAUD,EURAUD) already moves and EURNZD probaly will follow their move.

AO already change its color into green , but Aligator Jaw still inhibit the movement of EURNZD, but i dont know why, if we looking engulfing candle pattern that  completed last week, we just need find best place to order "long / buy" (low to buy) with stop loss at last week low, and take profit area maybe at 1.65XX area.


EURUSD and NZDUSD Technical Analysis for W1 Time Frame

After we analyzing EURNZD, lets us analyze the pair that formed EURNZD (EURUSD and NZDUSD)
There has been no sign of weakening Up trend  for EURUSD. If this week closed with bull candle, its not impossible 1.34 area will achieved.

and how about NZDUSD?
Here we see that the alligator was sleeping, for 2 years.Even the AO indicator has been changed its color into green and engulfing candle pattern was performed last week, but looking at the existing pattern, i can say NZDUSD still in weekly consolidation. Despite the Up trend still looks very strong, hit and run trade very recommended for   NZDUSD