FORECAST BY MARIUS GHISEA – NZD/JPY (April 18-22)

According to the stochastic oscillator and the MACD on the daily chart, the NZD/JPY currency pair may rise in the medium long term. If the price reaches EMA 50 (75.94) on the daily chart, a first target will be 77.93 (Fibo 0.50) and then 79.12 (Fibo 0.38).

The price on 8 hour chart may reach EMA 200 (76.22) and this target indicates that the NZD/JPY pair will continue to rise in the medium term. The price might rise until at least 78.00 in order to form a geometric shape.