ANALYSIS
NQ100 Finds Support from PPIApr 14
CHFJPY Confirms its Downtrend
The pair failed to hold its gains, even though it reached a 2-week high on Wednesday. The pair confirmed the intermediate bearish trend with the strong resistance it faced in the 200-period exponential moving average (EMA) in this region. As a matter of fact, the RSI oscillator, known as the relative strength index, reports that the sales potential is preserved with a level of 40 points. Below, 139.45 is the main support. Ending here could accelerate the retreat behind 138.60 to 137.50, last seen on January 13. On the other hand, the pair is unlikely to enter a meaningful recovery unless the 141.35 – 142.40 resistance zone above is crossed permanently.
