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NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?

NZDJPY has traded flat for the past week after forming a temporary top around 95.436. If the 93.60 support holds, the uptrend appears to be trending toward favorability.

 

Technicals

CMP -94.59

Trend

4- Hour chart

Value

 

 

55 EMA

94.58

CMP>value

Bullish

200- EMA

93.73

CMP >value

Bullish

365- EMA

93.41

CMP>value

Bullish

  1. EMA

92.66

CMP>Value

Bullish

 Near-term resistance - 95.50/96.25/97. Near-term support- 94.35/93.70/93.30/93/ 92.60/92/ 91/90.50/89.

Momentum indicator

Inference

Value

CCI(50)

Beairsh

-77.83

ADX

Neutral

 

 It is good to stay away till further confirmation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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