Technical Analysis Contest CLOSED

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2,500 $

2nd posto USD

1,500 $

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1,000 $

4th posto USD

750 $

5-10th posto USD

500 $

11-15th posto USD

250 $

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Mepcuk
1st posto
17 EUS.IDX/EUR 0.0111% 8 0 98 $2000
bakerator96
2nd posto
37 NZD/CAD 0.0840% 5 10 91 $1500
bezalex
3rd posto
64 AUD/NZD 0.0183% 2 0 87 $1000
TforT
4th posto
42 USD/NOK 0.0355% 4 0 84 $690
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5th posto
51 EUR/GBP 0.0595% 6 0 84 $500

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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…
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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
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