CHART SCALE: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope
RESISTANCE LEVELS: 77.333
SUPPORT LEVELS : 72.867
PAIR ANALYSIS :
The NZD/JPY pair pattern is contained in a bullish triangle figure. Since beginning of 08/2014 the currency pair has been dominated by a long position tendency with some sellers corrections along the path.
The Linear Regression Slope at - 0.2 could indicates a bearish tendency and the chart analysis could support the retracement around the 72.867 price zone. The Parabolic Sar distribution and Money Flow Index support the slightly bearish tone.
A bearish crossing at 72.867 can validate a change in the trend. It can be formulated a forecast level price at 73.6110.
FIGURE 1 shows the trendline
FIGURE 2 indicates the forecasting pattern