With NZDJPY being in a consistent downtrend since the start of 2015, consistently making lower lows, we are only looking to take a short position on this pair. We are awaiting to see price action break below this short-term blue uptrend with confluence from our price action predicting algorithm with a chance performance prediction rate of 85% or higher.
Currently our algorithm is predicting a run to the upside with a chance performance prediction rate of 87%, however this forecast will update every hour on the hour. If we see the algorithm predicting a move to the downside at the same time as price breaking out to the downside we will consider taking a short position.
Check the link below for the most recent forecast from our algorithm:
i.imgur.com/n2OCR1m.png
Currently our algorithm is predicting a run to the upside with a chance performance prediction rate of 87%, however this forecast will update every hour on the hour. If we see the algorithm predicting a move to the downside at the same time as price breaking out to the downside we will consider taking a short position.
Check the link below for the most recent forecast from our algorithm:
i.imgur.com/n2OCR1m.png
