NZDJPY trades higher as yen loses momentum. It reached an intraday high of 93.94 and is currently trading near 93.73. If the 94.40 resistance holds, the downward trend seems to be going well.
|
Technicals |
CMP -93.75 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
93.51 |
CMP> value |
Bullish |
|
200- EMA |
93.02 |
CMP <value |
Bearish |
|
365- EMA |
92.71 |
CMP< value |
Bearish |
Near-term resistance - 93.60/94.50/95/96. Near-term support- 92.70/91.80/91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
44.61 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 93.58-60 with SL around 94.40 for a TP of 90.
