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NZDJPY SELL OFF TARGETS 70.00 LEVEL

Chart timeframe used: Monthly and weekly
Indicators used: ADX Indicator, Momentum Indicator, Fibo levels
As shown in the charts attached with this technical analysis, it's obvious that NZDJPY momentum is getting stronger and a sell off still gaining Momentum targeting 70.00 historical support supported with a selling signals generated by more than momentum indicator.
As we can see clearly on the monthly and weekly charts the momentum indicator and ADX Indicator triggering a strong selling signal…
Die komplette Geschichte lesen
Übersetzen in Englische Sprache Zeige Original
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NZDJPY

The NZDJPY failed to breach the static resistance placed to 83 in the 2017 , an event that caused the restart of decline , as you can see on the red bearish channel present on this chart
If the pair will continue on this way , as i think ,we could to see an acceleration in the coming period . It could reach the dynamic support (38,2) provided by the Fibonacci fan line
Die komplette Geschichte lesen
Übersetzen in Englische Sprache Zeige Original