Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

NZDJPY: Sell the Rally as Fake 92 Breakout Keeps Bears in Control

 

 

NZDJPY showed a minor pullback after a fake breakout below the 92 level. It hits an intraday low of 91.96 and is currently trading around 92.482. Intraday trend is weak as long resistance 93 resistance holds.

 

Technicals

CMP -92.485

Trend

1- Hour chart

Value

 

 

55 EMA

92.36

CMP> value

Bullish

200- EMA

92.56

CMP < value

Bearish

365- EMA

92.675

CMP <value

Bearish

 

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

49.23

ADX

Neutral

 

 

It is good to sell on rallies around 92.48-50 with SL around 93.10 for a TP of 91.05/90.

 

 

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.