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NZD/USD : Exit from the bottom of the medium term horizontal channel


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#1 ⇑ Haut ⇑ 27-02-2013 09:36:55

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NZD/USD : Exit from the bottom of the medium term horizontal channel

Following the breakout of the long-term bullish slant (black line), we were neutral between 0.8339 and 0.8394. This week, a powerful bearish rally has occurred on the pair NZD/USD and the break of 0.8339 gave us a sell signal. Thereafter, the price has also broken the lower band of the medium term horizontal channel between 0.83 and 0.8463 in which evolved the price since the beginning of the year. A new powerful sell signal has been given. Currently, the pairattempts to bounce on the support at 0.8226.

We continue to advise short positions as far as 0.8339 is resistance. A break of 0.8226 will give a new sell signal and should allow a test of last low at 0.8169 (last December). A pullback on 0.83 could intervene before a pursuit of the downtrend. This level corresponds to the lower band of the short-term downtrend channel (blue lines).

In case of return above 0.8339, we will be neutral between this level and 0.8394.

NZD/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-27022013-2.png

NZD/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-27022013.png







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#2 ⇑ Haut ⇑ 04-03-2013 09:45:41

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Re: NZD/USD : Exit from the bottom of the medium term horizontal channel

At the beginning of last week, the pair NZD/USD has rebounded on the support at 0.8226 and made a pullback on the lower band of the medium term horizontal channel at 0.83. At the end of the week, the price has finaly resumed its bearish movement. The pair has broken the support at 0.8226, giving us a new sell signal. The move is part of a new medium term downtrend channel (purple lines).

We continue to advise short positions as far as 0.83 is resistance. The break of 0816 (last December low) willgive a new sell signal and should allow the price to reach the daily support at 0.81.

In case of return above 0.83, we will be neutral between this level and 0.8339. The break of this last level would mark a channel output.

NZD/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-04032013-2.png

NZD/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-04032013.png




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#3 ⇑ Haut ⇑ 06-03-2013 08:41:21

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Re: NZD/USD : Exit from the bottom of the medium term horizontal channel

After a false break of the support 0.8226, the pair NZD/USD has finally started a powerful correction movement. The price is out of its medium term bearish channel (purple lines) and is currently in a neutral zone between the major support at 0.83 (lower band of the old horizontal channel) and the resistance at 0.8340.

We advise to wait an exit of this range to take position:

- Long if 0.8340 is broken. A test of 0.84 would be expected in the coming days.

- Short in case of return below 0.83. This would mark the return of the downtrend. A new test of 0.8226 should then intervene and 0.82 in extension.

NZD/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-06032013-2.png

NZD/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-06032013.png




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#4 ⇑ Haut ⇑ 07-03-2013 09:01:41

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Re: NZD/USD : Exit from the bottom of the medium term horizontal channel

The price has stumbled yesterday on the resistance at 0.8340 and then went back during the night below the major support at 0.83, giving us a sell signal. Currently, the pair NZD/USD is testing the upper limit of its former medium term bearish channel (purple lines) as support.

We recommend to trade only short positions as far as 0.83 is resistance. A return into the channel would reinforce our bearish sentiment. Our first goal is a return to the support at 0.8226 . In extension, 0.8169 should be reached.

In case of return above 0.83, we will again be neutral between this level and 0.8340.

NZD/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-07032013-2.png

NZD/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-07032013.png




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#5 ⇑ Haut ⇑ 11-03-2013 09:10:56

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Re: NZD/USD : Exit from the bottom of the medium term horizontal channel

The pair NZD/USD has continued its downward trend at the end of last week and is now back on the low of March 3rd towards 0.82. The price has reinstated its medium term bearish channel (purple lines) and the break of the support at 0.8226 gave us a new sell signal.

We continue to advise short positions as far as 0.83 is resistance. The support at 0.8169 remains our primary objective. The breakout of this level should allow the price to extend its movement towards the support at 0.81.

In case of return above 0.83 (major resistance - lower limit of the former horizontal channel), we will be again neutral between this level and 0.8340.

NZD/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-11032013-2.png

NZD/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-11032013.png




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#6 ⇑ Haut ⇑ 13-03-2013 08:57:53

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Re: NZD/USD : Exit from the bottom of the medium term horizontal channel

The pair NZD/USD has failed to continue its bearish movement at the beginning of this week. The price has once again bounced off on 0.82. This rebound has caused a new medium term downtrend channel output (purple lines). However, the pair is currently testing a short-term bearish slant (black line).

We continue to advise short positions as far as 0.83 is resistance. A return below 0.8226 would reinforce our bearish sentiment. The break of 0.82 will give a new buy signal and should allow a test of 0.8169 and 0.8150 in extension.

However, if the bearish slant is broken, the correction should continue until the resistance at 0.83 (lower band of the old medium term horizontal channel). We will be neutral between this level and 0.8340.

NZD/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-13032013-2.png

NZD/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-13032013.png




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#7 ⇑ Haut ⇑ 14-03-2013 09:24:12

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Re: NZD/USD : Exit from the bottom of the medium term horizontal channel

The pair NZD/USD has resumed its downtrend yesterday. The price has stumbled on a short-term resistance at 0.8265 and the upper band of the short term bullish channel (black lines). The pair is now on the lower band and test the support at 0.8169. The price is also testing the upper band of its former medium term bearish channel (purple lines).

We continue to advise short positions as far as 0.8265 is resistance. The break of 0.8169 will give a new buy signal and should allow the price to reach the support at 0.81.

In case of return above 0.8265, we will be neutral between this level and the major resistance at 0.83 (lower limit of the old medium term horizontal channel).

NZD/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-14032013-2.png

NZD/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-14032013.png




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#8 ⇑ Haut ⇑ 20-03-2013 09:58:22

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Re: NZD/USD : Exit from the bottom of the medium term horizontal channel

At the end of last week, the pair NZD/USD got out of its short-term bearish channel (black lines) to make a pullback on 0.8265. Since the beginning of this week, the price evolves horizontally between this level and the support at 0.8226.

We continue to advise short positions as far as 0.8265 is resistance. A return beow 0.8226 would reinforce our bearish sentiment. The break of 0.8169 will give a new buy signal and should allow the price to reach the support at 0.81.

In case of return above 0.8265, we will be neutral between this level and the major resistance at 0.83.

NZD/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-20032013-2.png

NZD/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-20032013.png




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#9 ⇑ Haut ⇑ 22-03-2013 08:47:09

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Re: NZD/USD : Exit from the bottom of the medium term horizontal channel

The pair NZD/USD has strongly rebounded yesterday on the supprot at 0.8226, following the short-term downtrend channel output (black lines). The price is back above the lower band of the old medium term horizontal channel at 0.83. 0.8336 is now acting as resistance.

We now recommend to trade only long positions as far as the short-term support at 0.8266 is support. The upward break of 0.8336 will give a new buy signal and would allow the price to pursuit its bullish movement towards 0.84.

In case of return below 0.8266, we will be neutral between this level and 0.8226.

NZD/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-22032013-2.png

NZD/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-22032013.png




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#10 ⇑ Haut ⇑ 26-03-2013 09:42:59

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Re: NZD/USD : Exit from the bottom of the medium term horizontal channel

The pair NZD/USD broke the resistance at 0.8336 (new buy signal) at the end of last week, but seems to be in a consolidation phase. In the short term, the price is moving along a bullish slant (blue line) which acting as resistance.

We continue to advise long positions as far as the major support at 0.83 is support. A stay above 0.8336 will comfort our bullish sentiment. The break of 84 will give a new buy signal and should release a significant upside potential to 0.8461.

In case of return below 0.83, we will be neutral between this level and 0.8266.

NZD/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-26032013-2.png

NZD/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-26032013.png




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#11 ⇑ Haut ⇑ 02-04-2013 09:40:36

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Re: NZD/USD : Exit from the bottom of the medium term horizontal channel

After a horizontal consolidation of several days above 0.8350, the price seems to have resumed its forward move yesterday. The pair NZD/USD is testing the resistance at 0.84. The price is now moving into a medium term bullish channel (black lines).

We continue to advise long positions as far as the major support at 0.8336 is support. A stay above 0.8350 will comfort our bullish sentiment. The validation of the breakout of 84 will give a new buy signal and should release a significant upside potential to 0.8461 and 0.85 in extension.

In case of return below 0.8336, we will be neutral between this level and 0.83.

NZD/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-02042013-2.png

NZD/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-02042013.png




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#12 ⇑ Haut ⇑ 05-04-2013 09:43:29

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Re: NZD/USD : Exit from the bottom of the medium term horizontal channel

At the beginning to week, the pair NZD/USD has validated the breakout of the resistance at 0.84, giving us a new buy signal. Then, 0.8440 acted as resistance and has led to a pullback of price on 0.8365. This last low allowed us to draw a new short term bullish slant (blue line). On the medium term, this correction resulted in a release of the bullish channel (black lines). The price is currently moving just below the lower band.

We continue to advise long positions as far as the major support at 0.8365 is support. This level coresponds to the bullish slant. A stay above 0.84 will comfort our bullish sentiment. The  breakout of 84.40 will give a new buy signal and should open the way to 0.8461 and 0.85 in extension.

In case of return below 0.8365, we will be neutral between this level and 0.8336.

NZD/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-05042013-2.png

NZD/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-05042013.png




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#13 ⇑ Haut ⇑ 09-04-2013 08:47:47

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Re: NZD/USD : Exit from the bottom of the medium term horizontal channel

After a period of consolidation between 0.8380 and 0.8429 in recent days, the pair NZD/USD has resumed its forward move. The price broke the resistance at 0.8450, giving us a new buy signal. Currently, the pair is about to test its annual high of February 14th which is around 0.8516. The price is moving again into its medium term bullish channel (black lines).

We continue to advise long positions as far as 0.8429 is support. A stay above 0.8450 will comfort our bullish sentiment. The  breakout of 0.8516 will give a new buy signal and should open the way to 0.8550 and 0.86 in extension.

In case of return below 0.8429, we will be neutral between this level and 0.8380.

NZD/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-09042013-2.png

NZD/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-09042013.png




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#14 ⇑ Haut ⇑ 10-04-2013 09:08:37

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Re: NZD/USD : Exit from the bottom of the medium term horizontal channel

At the beginning of the week, the pair NZD/USD has continued its bullish movement. The break of the resistance at 0.8516 gave us a new buy signal. The price got over its last annual high of February 15th at 0.8534 for 3 pips. The price continues to evolve into its medium term bullish channel (black lines).

We continue to advise long positions as far as 0.8465 is support. A stay above 0.85 will comfort our bullish sentiment. The  breakout of 0.8550 will give a new buy signal and should open the way to 0.86.

In case of return below 0.8465, we will be neutral between this level and 0.84. This level correspond to a short term bullish slant (blue line).

NZD/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-10042013-2.png

NZD/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-10042013.png




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#15 ⇑ Haut ⇑ 11-04-2013 09:43:28

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Re: NZD/USD : Exit from the bottom of the medium term horizontal channel

The pair NZD/USD has continued yesterday its bullish trend. The price is currently testing the resistance at 0.86 and the upper limit of its medium term bullish channel (black lines). Due to that, an horizontal consolidation phase is not excluded.

We continue to advise long positions as far as 0.85 is support. This level corresponds to the lower band of the channel. A stay above 0.8550 will comfort our bullish sentiment. The  breakout of 0.86 will give a new buy signal and should open the way to 0.8650 and 0.87 in extension.

In case of return below 0.85, we will be neutral between this level and 0.8450.

NZD/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-11042013-2.png

NZD/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-11042013.png




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#16 ⇑ Haut ⇑ 12-04-2013 09:31:52

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Re: NZD/USD : Exit from the bottom of the medium term horizontal channel

The rally never ends on the pair NZD/USD who broke yesterday the resistance at 0.86, giving us a new buy signal. All the movement is leading by a short-term bullish slant (purple line). On the medium term, the price made ​​yesterday an output from the top of its bullish channel (black lines) and is testing this morning the upper band as support.

We continue to advise long positions as far as 0.8550 is support. This level corresponds to the lower band of the channel. A stay above 0.86 will comfort our bullish sentiment. The  breakout of 0.87 will give a new buy signal and should open the way to 0.8750. The pair NZD/USD is not very far from its historical high at 0.8843 (August 1st 2011).

In case of return below 0.8550, we will be neutral between this level and 0.85.

NZD/USD 1h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-12042013-2.png

NZD/USD 4h chart
http://www.tribuforex.fr/analyses/FOREX/nzdusd-12042013.png




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    NZD/USD : Exit from the bottom of the medium term horizontal channel



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