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JPY Majors Alert: NZDJPY Crashes to 92.81 Low as Brutal Bearish Momentum Explodes – Sell Rallies to 91.80

NZDJPY pared most of its gains on board-based New Zealand dollar weakness. It hits an intraday low of 92.81 and is currently trading around 92.948. Technicals CMP -92.93 Trend 4- Hour chart Value 55 EMA 93.25 CMP<value B…

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JPY Majors Alert: NZDJPY Crashes to 92.81 Low as Brutal Bearish Momentum Explodes – Sell Rallies to 91.80
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NZDJPY pared most of its gains on board-based New Zealand dollar weakness. It hits an intraday  low of 92.81 and is currently trading around 92.948.

 

Technicals

CMP -92.93

Trend

4- Hour chart

Value

 

 

55 EMA

93.25

CMP<value

Bearish

200- EMA

93.39

CMP <value

Bearish

365- EMA

93.35

CMP<value

Bearish

  1. EMA

93.36

CMP<Value

Bearish

Near-term resistance - 93.60/94/94.50/95/96. Near-term support- 92.80/92/91.60/ 91/90.50/89.

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-212

ADX

Bearish

Strength increased from 32.19 to 57

 It is good to sell on rallies around 93.05-10 with SL around 93.60 for a TP of 91.80.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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