NZDJPY has been consolidating in a narrow range between 88.11 and 89.07 for the past 10 days. The downtrend seems to be leaning toward favorability if the 90 resistance holds.
|
Technicals |
CMP-88.77 |
Trend |
|
|
4-hour chart |
Value |
|
|
|
55 EMA |
88.77 |
CMP>value |
Bullish |
|
200- EMA |
90.11 |
CMP <value |
Bearish |
|
365- EMA |
91.10 |
CMP<value |
Bearish |
|
91.82 |
CMP<Value |
Bearish |
Near-term resistance - 89/89.60/90/90.80/91.25/91.80/92/92.30/93.20. Near-term support- 88/87/86.34.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
69.07 |
|
ADX |
Neutral |
|
It’s best to wait until the market direction is clear.


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