CHART SCALE: Weekly


INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope



RESISTANCE LEVELS: 81.31


SUPPORT LEVELS : 73.299


PAIR ANALYSIS :


The NZD/JPY is in a slightly bullish tendency, figure 2. It could considered its bearish possibility with the retracement zone around the resistance line at 81.31 and the support area at 79.298 in fig 1. The Linear Regression Slope around -0.02 , the MFI and the configuration of the Parabolic Sar seem to confirm the trendless tendency. A bullish crossing at 81.31 can validate a bullish swing in the tendency. The Brent technical analysis and the NZ GDP possibility of result also suggest the selling for this pair.It could be possible to open a buy with TP at 82.232.



FIGURE 1 shows the trendline


FIGURE 2 indicates the tendency

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