Today we will analyze the currency pair Japan Yen New Zealand Dollar (JPYNZD) for internet stock trading in the FOREX stock market,
Stock Technical indicators to notice in Japan Yen New Zealand Dollar (JPYNZD)
1- Last bearish trend was from 1.32 $ (2/26/2013) to 1.16 $ (4/11/2013) a 0.16 $ move 2- The current bullish trend started from 1.16 $ at 4/11/2013 and is currently trading at 1.21 $.
3- JPYNZD current support level is at 1.20 which is the 23.60 % fibonacci retracement of the last 0.16 $ move.
4- JPYNZD current resistance level is at 1.22 which is the 38.20 % fibonacci retracement of the last 0.16 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
6- Bullish Divergance in MACD Indicator .
Japan Yen New Zealand Dollar (JPYNZD) Short term stock chart patterns for internet stock trading :

7- the currency pair traded in a bearish stock channel identifed by support at 1.162 and 1.258,resistance between 1.319 and 1.604, the stock channel is currently supported from below by 1.151 and resisted from above by 1.237.
Japan Yen New Zealand Dollar (JPYNZD) Mid term stock chart patterns for internet stock trading :

8- the currency pair was resisted by a resistance line, identified by two points: 1.694 and 1.747, and is currently resisting at 1.603.
Japan Yen New Zealand Dollar (JPYNZD) Long term stock chart patterns for internet stock trading :

9- the currency pair was resisted by a resistance line, identified by two points: 1.694 and 1.747, and is currently resisting at 1.603.

Stock Trading Conclusion:
Japan Yen New Zealand Dollar (JPYNZD) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 1.22, 1.24, 1.26, 1.32, 1.36, 1.42, 1.60,.
Stock Support levels : 1.20, 1.20, 1.19, 1.18, 1.18, 1.16,.