Note: This section contains information in English only.There is almost no hope in sight for NZD/JPY with a double top on the daily chart and a strong downtrend flowing out of it. In addition, the pair has just under-stepped the 100-hour SMA and lies exactly below the extremely bearish crossover of the 55 and 100-hour SMAs, sending strong SELL signals to traders potentially leading to an even steeper down-fall from this moment. Immediate support rests just below at 76.55 and represents a cluster of the bottom Bollinger Band, the monthly S1 and the weekly S1. Upside potential is capped at 77.60, the 200-hour SMA.
Mon, 10 Apr 2017 10:10:35 GMT
Source: Dukascopy Bank SA