Daily Forex Update: NZD/JPY

Published 03/15/2013, 05:38 AM
Updated 03/09/2019, 08:30 AM
NZD/JPY
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GUID
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As you can see from the following trade opportunity alert for NZD/JPY, this currency pair is likely to rise to the target level 79.417 in 21 hours. This target level (point B on the chart below) corresponds to the last sharp downward price pivot of the upper resistance trendline of the hourly Down Channel identified by Autochartist (which is still being formed). Autochartist sets the stop level for this bullish forecast at 78.325 (point A). This forecast is aligned with the sharp prevailing uptrend that can be seen on the daily NZD/JPY charts. The PowerStats analysis shown below further confirms this forecast.
<span class=NZD/JPY" title="NZD/JPY" width="600" height="332">
As can be seen from the following PowerStats chart for NZD/JPY, the upper boundary of the daily Expected Price Range calculated by Autochartist (79.4134) coincides with the target level given in the above trade opportunity alert for this currency pair (79.417) – which increases the probability that NZD/JPY will reach 79.417 in the next 21 hours.
Expected Price

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