ANALYSIS
NQ100 Finds Support from PPIApr 14
CHFJPY Confirms its Downtrend
Parity encountered strong resistance at the 200-period weighted moving average (WMA) in its slight upward recovery. However, parity confirmed its interim bearish trend. As a matter of fact, the RSI oscillator, known as the relative strength index, also produces a return signal, while the 140.00 level, which is the main support, will be followed below. Ending here could boost sales to 137.40 behind 138.75. In case parity makes a surprise transition above the 200 WMA, 142.45 and 143.80 resistances can be observed.
