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NZDJPY on the Back Foot: Sell Rallies Below 93 as Bearish Momentum Builds

NZDJPY showed a minor decline below 92.50 as the New Zealand dollar lost momentum. It hits an intraday low of 92 and is currently trading around 92.71. Intraday trend is weak as long resistance 93 resistance holds.

 

Technicals

CMP -92.32

Trend

1- Hour chart

Value

 

 

55 EMA

92.47

CMP < value

Bearish

200- EMA

92.69

CMP < value

Bearish

365- EMA

92.80

CMP <value

Bearish

 

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-17.86

ADX

Neutral

Strength  decreased from 12.37 to 11.89

 

It is good to sell on rallies around 92.78-80, with a SL around 93.50, for a TP of 91.05/90.

 

 

 

 

 

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