Autochartist has recently identified the Ascending Triangle chart pattern on the daily NZD/JPY charts, which is shown on the following trade opportunity alert that I received today via Autochartist’s email subscription. The pair is expected to rise to the target level 79.9325 in 3 days (point B on the chart below) which runs parallel to the upper resistance trendline of this chart pattern. The stop level for this forecast is set by Autochartist at 77.415 (point A) which is the last connecting point of the lower support trendline of this Ascending Triangle. This forecast is fully aligned with the predominant uptrend visible on the daily NZD/JPY charts. The upward sloping daily moving average heightens the chances that the pair will reach 79.9325 in 3 days.
NZD/JPY" title="NZD/JPY" width="600" height="335">
As you can see from the PowerStats chart below, the upper border of the daily Expected Price Range calculated for NZD/JPY (79.5417) stands close to the target level set in the above trade opportunity alert (79.9325) – which adds to the likelihood that NZD/JPY will continue to rise toward 79.9325 tomorrow.
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NZD/JPY: Expected To Rise
Published 03/21/2013, 05:16 AM
Updated 03/09/2019, 08:30 AM
NZD/JPY: Expected To Rise
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