NZDJPY Turnaround?

by Ashraf Laidi

Apr 13, 2009 14:56

NZDJPY shows signs of ending its 9-week rally as it fails to close above the 59 figure, which is the 38% retracement of the decline from the high of May 2008 to the low of Jan 2009. Risks of a retreat in global indices on a flurry of earnings from US financials could provide the fundamental catalyst to the technical failure. As European bourses return to work on Tuesday, the threat of profit-taking may trigger sell-orders in high yielding FX pairs. Interim target stands at 57.00, followed by 56.10. Resistance stands at the 59.00.

More Hot-Charts

• Gold 5000?

  Feb 24, 2026 14:19 | by Ashraf Laidi
  Can gold drop back to $5000 per ounce. Here are 2 possible technical scenarios. China's return to the market could also bring back selling pressure during Asian session..
• 

  Before and After the New Tariffs

  Feb 23, 2026 12:49 | by Ashraf Laidi
  The chart on the left is Nasdaq100 CFD (US100) which opened on Sunday night at 11 pm London Time after Trump announcement of 15% tariffs, and the other chart is the Nasdaq cash, ending on Friday...
• 

  Mystery Charts

  Feb 5, 2026 20:48 | by Ashraf Laidi
  سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات Will send detailed note on latest parameters to our WhatsApp Bdcst Group...