Daily Forex Update: NZD/JPY

От: Дима Chernovolov

NZD/JPY continues to fall after the earlier breakout of the Rising Wedge chart pattern which was previously identified by Autochartist on the daily charts. Autochartist rates the quality of this Rising Wedge at the 3 bar level – which reflects the medium Initial Trend (6 брусья) and significant Uniformity and Clarity (оба оцененные на 8 уровень бар). NZD/JPY is expected to fall toward the forecast price 81.40 – continuing the active downward price impulse from resistance area shown below.


As can be seen from the weekly NZD/JPY chart below, the breakout of this Rising Wedge continues the active downward impulse wave, which started earlier from the resistance zone lying between the major, multi-month resistance level 83.70 (which also reversed the price in December and January) and the upper daily Bollinger Band. The proximity of this resistance zone adds to the probability NZD/JPY will soon reach the forecast price 81.40.


To subscribe to the e-mail alerts feature is quick and easy. Log into the Autochartist platform, click on ‘Alerts & Messaging’, enter your email address, select the market you want covered, select your language, and the time you want to get your report, and you’re done! You will now receive a quick morning technical outlook of the markets.


Для получения более подробной информации об этом и других продуктах Autochartist посетите www.autochartist.com

1 Нравится
1833 Просмотры

Вам также может понравиться

Leave A Comment

Please enter your name. Please enter an valid email address. Please enter message.


I accept the Privacy policy, Отказ от ответственности а также Conditions of this service

* = Обязательное поле