FeroxWealth
Long

NZDUSD Potential Long Signal Update

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
TRADE UPDATE
Previous analysis:

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

We are still awaiting a break above and close above this red short-term down trend line on the hourly chart to execute a long position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a move to the upside with a chance prediction of 85% or higher. Currently our algorithm is predicting continued movement to the downside, but not much and it is forecasting it in an exhausted state, with a chance prediction of 83%. 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/NL2HjmI.png]

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Comment: We personally did not execute this signal, but anyone who did is sitting pretty in a high probable set u. Our algorithm is currently predicting upside continuation. If you like what you see, please do take advantage of our FREE month trial to our signals on our website http://www.Unique4xPro.com
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