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Weekly forecast | New Zealand Dollar / Japanese Yen technical chart | |
---|---|---|
Symbol | NZDJPY |
Trading suggestion: There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (71.30 to 71.65). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. While the price is above the level 69.95, the probability of beginning of downtrend is too weak, so we would enter the market with sell trades based on Daily-Trading-Opportunities and a day close price below 69.95 and expect to reach short-term targets.
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Date | July 26, 2020 - 16:38 | |
Current | range bound | |
Forecast | beginning of downtrend | |
Midterm forecast:
Technical analysis:
Take Profits:
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