FeroxWealth
Short

NZDJPY Potential Short Signal Update

FX:NZDJPY   New Zealand Dollar / Japanese Yen
TRADE UPDATE

Previous analysis:


Please see original analysis linked below for in-depth explanation of our short bias.


We are still awaiting a break below and close below this blue short-term up trend line on the hourly chart to execute a short position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a move to the downside with a chance prediction of 85% or higher. Currently our algorithm is predicting continued movement to the upside with a chance prediction of 91%, but we will continue to monitor price action and the updates from our algorithm.



See the link below for an image of our algorithm's forecast for this pair.
http://i.imgur.com/qHMEj99.png
any update on the chart after todays fall will ths continue and any down target
+1 Reply
FeroxWealth tkarthi1
We will post an update tonight likely... We need to see price break below the short-term up tend.
Reply
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