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

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