NZDJPY pared most of its gains as the yen gained momentum. Hit an intraday low of 91.51; now trading about 91.65. If the 92.50 resistance holds, the trend is currently downward. Technicals CMP -91.65 Trend 1- Hour chart …
NZDJPY pared most of its gains as the yen gained momentum. Hit an intraday low of 91.51; now trading about 91.65. If the 92.50 resistance holds, the trend is currently downward.
Technicals
CMP -91.65
Trend
1- Hour chart
Value
55 EMA
92.10
CMP<value
Bearish
200- EMA
92.498
CMP <value
Bearish
365- EMA
92.68
CMP< value
Bearish
Momentum indicator
Inference
Value
CCI(50)
Bearish
-177
ADX
Bearish
Strength increased from 15.46 to 24.40
It is good to sell on rallies around 92 with SL around 93 for a TP of 90.
