It has broken strong supports at 72.998 levels, wait for rallies for fresh shorts.
Any spikes in the rallies should be deemed as an opportunity for fresh shorts as selling momentum is indicated by leading indicators.
has been converging below 42 levels to the prevailing dips, while curves shows intensified momentum in selling as they evidence %D crossover.
with crossover has entered into the trajectory.
On monthly chart, the current price well below EMAs consistently that signals downtrend to prolong, rising volumes to substantiate the downtrend.
signals to prolong ahead.
Massive volumes on declining streaks are in conformity to the major downtrend.
The leading oscillators have been converging downwards, subsequently, curves have reached oversold territory but there are traces of crossover.
Trade tips: One Touch Binary Put
Taking above technical reasoning into consideration, when your research is certain it is good to think of adding leverage effects to the profitability.
So, buy at every rally and bring in leveraging effect using 'One touch binary puts' with OTM strikes for a minimum targets 71.247 levels.
The payoffs of touch option has been conditional, if the underlying pair ( NZDJPY in this case) would touch the OTM strike price within any time period by the time of expiration, if the investor predicts correctly and the asset touches the strike price the option expires "in the money".
This is likely to generate an exponentially high return of between 80-90% to the binary option investor.