NZD/JPY Technical Outlook: Bearish Momentum Gains as Resistance Holds
NZDJPY trades in a narrow range with a neutral bias. Hit an intraday low of 92.38; now trading about 92.41. If the 94.20 resistance holds, the trend is currently downward. Technicals CMP -92.415 Trend 1- Hour chart Value…
NZDJPY trades in a narrow range with a neutral bias. Hit an intraday low of 92.38; now trading about 92.41. If the 94.20 resistance holds, the trend is currently downward.
Technicals
CMP -92.415
Trend
1- Hour chart
Value
55 EMA
92.56
CMP<value
Bearish
200- EMA
92.76
CMP <value
Bearish
365- EMA
92.87
CMP< value
Bearish
Momentum indicator
Inference
Value
CCI(50)
Neutral
ADX
Neutral
It is good to sell on rallies around 92.95-93 with SL around 94.18 for a TP of 90.
