Forex Trading recommendation on NZDJPY 8-04-2016 by AzaForex

Foreign exchange tips to use next time you trade.
The New Zealander was able, after a sharp fall in the price, thanks to the support level to hold. But if the bears continue their offensive onslaught and will be strong, support level can not stand, and the price just fly down. Until the next level, where the price could halt the falling is still very far away.
 
The price is below a simple moving average 200 MA and 20 MA indicating bearish trend.
The MACD trend indicator is below zero level now, indicating bearish movement.
 
If the support level is broken you can use the following recommendation:
•             Chart timeframe: H4
•             The trade recommendation: Sell
•             The level of entry into short position 72.80
•             The level of profit and close the position: 70.80 (200 pips)
 
 
Metal GOLD
Possible bullish movement in the breakout of the resistance level 1244
 
Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 107.60
 
Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.4000
 
Forex currency pair USDCHF
Possible bearish movement in the breakdown of the support level 0.9520