{"id":15444,"date":"2010-11-16T04:20:27","date_gmt":"2010-11-16T09:20:27","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=15444"},"modified":"2010-11-16T04:20:27","modified_gmt":"2010-11-16T09:20:27","slug":"real-forex-daily-analysis","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/11\/16\/real-forex-daily-analysis\/","title":{"rendered":"“Real-Forex” daily analysis"},"content":{"rendered":"

NZD\/USD<\/p>\n

Daily graph: http:\/\/www.real-forex.com\/charts-daily\/November2010\/NZD_DAILY_161110.JPG<\/a><\/p>\n

\"NZD\/USD<\/p>\n

The uptrend started a few weeks ago is clearly observable. However, there is a technical correction started about 5 sessions ago.<\/p>\n

Please give attention to the following observations:<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The hammer appeared during the last sessions.<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The fact the pair corrected exactly 50% of the previous trend<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The almost instantaneous increase just after the pair reached those 50% correction.<\/p>\n

These 3 points let us anticipate the renewal of the uptrend, creating the opportunity to go \u201cLong\u201d. However, a confirmation of the new orientation requires confirmation trough an increasing configuration on 1H graph.<\/p>\n

Potential trade<\/p>\n

1H Graph: http:\/\/www.real-forex.com\/charts-daily\/November2010\/NZD_1H_161110.JPG<\/a><\/p>\n

\"NZD\/USD<\/p>\n

The required confirmation should appear once the pair will cross the resistance level at 0.7777. Once crossed, a market order can be entered. Following is one option:<\/p>\n

–\u00a0 \u201cLimit\u201d order on \u201cLong\u201d position 10 pips above the resistance mentioned earlier, meaning: 0.7787.<\/p>\n

–\u00a0 \u201cStop Loss\u201d on the last dip point reached, meaning: 0.7745.<\/p>\n

–\u00a0 1st<\/sup> degree for \u201cTake profit\u201d on the following resistance: 0.7811<\/p>\n

USD\/CHF<\/p>\n

Daily graph: http:\/\/www.real-forex.com\/charts-daily\/November2010\/CHF_DAILY_161110.JPG<\/a><\/p>\n

\"USD\/CHF<\/p>\n

Friday\u2019s session saw the pair to clearly cross the resistance of 0.9781 and to close above it. Actually the pair is on its way to the following resistance at 0.9931.<\/p>\n

According to the candles appeared during the last few sessions, the bulls have the power over the bears and no one can stop them. In other words, we do not expect any soon reversing trend.<\/p>\n

When the pair will reach that resistance it can have three different behaviors.\u00a0 Each one indicates a specific potential trade and soon trend:<\/p>\n

1)\u00a0\u00a0\u00a0\u00a0\u00a0 Test of the resistance \u00e8indication of close reversal, potential for \u201cShort\u201d trades.<\/p>\n

2)\u00a0\u00a0\u00a0\u00a0\u00a0 Stop on the level. It could be better waiting for a \u201cParking\u201d of about a session and a half, and then entering a \u201cShort\u201d order.<\/p>\n

3)\u00a0\u00a0\u00a0\u00a0\u00a0 Clear and sharp breach of the resistance \u00e8 It could be safer waiting for a small correction and after the identification of a increasing configuration on 1H graph, go \u201cLong\u201d along with the new trend.<\/p>\n

Have a profitable day!<\/p>\n

Real \u2013 Forex<\/a> team \"logo\"<\/p>\n","protected":false},"excerpt":{"rendered":"

According to the candles appeared during the last few sessions, the bulls have the power over the bears and no one can stop them. In other words, we do not expect any soon reversing trend.<\/p>\n

When the pair will reach that resistance it can have three different behaviors. Each one indicates a specific potential trade and soon trend:<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-15444","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=15444"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15444\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=15444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=15444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=15444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}