Sunday 25 October 2015

Forex Technical Analysis of NZDJPY for October 26, 2015

Support - S1 : 81.402 | S2 : 80.845 | S3 : 80.214
Resistance - R1 : 82.590 | R2 : 83.221 | R3 : 83.778
Main Trend - Bullish
Intraday Trend - Bullish

On 4H chart of forex technical analysis for the exchange rate NZDJPY, we observe the price move above EMA(50) and EMA(200) which have an upward cross between them. Also, the price is at the lower channel of an upward Andrew's Pitchfork.

Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:

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