FORECAST BY MARIUS GHISEA – NZD/JPY (April 18-22)

According to the stochastic oscillator and the MACD on the daily chart, the NZD/JPY currency pair may rise in the medium long term. If the price reaches EMA 50 (75.94) on the daily chart, a first target will be 77.93 (Fibo 0.50) and then 79.12 (Fibo 0.38).

 

NZDJPY D1 (04-18-2016 1754) (1)

 

The price on 8 hour chart may reach EMA 200 (76.22) and this target indicates that the NZD/JPY pair will continue to rise in the medium term. The price might rise until at least 78.00 in order to form a geometric shape.

NZDJPY8h-page-001

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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