NZDJPY Price Action Analysis - ranging near 200 SMA

NZDJPY Price Action Analysis - ranging near 200 SMA

13 October 2015, 21:11
Sergey Golubev
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W1 price is located between 200 SMA and 100 SMA with the ranging market condition within the primary bullish - the price is located to be above 200 SMA.

  • The price is above 200 SMA for the bullish market condition.
  • Symmetric triangle price pattern was formed by the price to be crossed for direction.
  • 'Reversal' support level is 71.28 located below 100 SMA/200 SMA in the bearish area of the chart.
  • 'Reversal' resistance level is 92.39 located above 100 SMA/200 SMA in the bullish area of the chart.

Trend:

W1 - ranging
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