FeroxWealth
Short

NZDJPY Potential Short Signal

FX:NZDJPY   New Zealand Dollar / Japanese Yen
With NZDJPY             being in a consistent downtrend since the start of 2015, consistently making lower lows, we are only looking to take a short position on this pair. We are awaiting to see price action break below this short-term blue uptrend with confluence from our price action predicting algorithm with a chance performance prediction rate of 85% or higher.

Currently our algorithm is predicting a run to the upside with a chance performance prediction rate of 87%, however this forecast will update every hour on the hour. If we see the algorithm predicting a move to the downside at the same time as price breaking out to the downside we will consider taking a short position.

Check the link below for the most recent forecast from our algorithm:
http://i.imgur.com/n2OCR1m.png
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