Sunday 18 October 2015

Forex Technical Analysis of NZDJPY for October 19, 2015

Support - S1 : 80.606 | S2 : 80.050 | S3 : 79.390
Resistance - R1 : 81.822 | R2 : 82.482 | R3 : 83.038
Main Trend - Bullish
Intraday Trend - Bullish

In forex technical analysis on 4H chart, we observe that price moves within the lower channel of an upward Andrew's Pitchfork. EMA(50) and EMA(200) have upward cross and price remains above both of them.

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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