Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

NZD/JPY Under Pressure: Kiwi Slump Sets the Stage for a Bearish Extension

NZDJPY pared some of its gains on board-based New Zealand dollar selling. It reached an intraday low of 92.49 and is currently trading near 92.80. If the 94.40 resistance holds,  the downward   trend seems to be going well.

 

Technicals

CMP -92.78

Trend

1- Hour chart

Value

 

 

55 EMA

92.91

CMP<value

Bearish

200- EMA

93.15

CMP <value

Bearish

365- EMA

93.20

CMP<value

Bearish

 Near-term resistance - 94/94.50/95/96. Near-term support- 92.45/91.80/91/90.50/89.

Momentum indicator

Inference

Value

CCI(50)

Bearish

-80.87

ADX

Neutral

 

 It is good to sell on rallies around 93.58-60  with SL around 94.40 for a TP of 90.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.