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NZDJPY trades in a narrow range between 94.04 and 92.55 for the past three days. It reached an intraday high of 93.37 and is currently trading near 93. If the 94.40 resistance holds, the downward trend seems to be going well.
|
Technicals |
CMP -93.59 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
93.13 |
CMP<value |
Bearish |
|
200- EMA |
93.27 |
CMP <value |
Bearish |
|
365- EMA |
93.27 |
CMP<value |
Bearish |
Near-term resistance - 94/94.50/95/96. Near-term support- 92.70/91.80/91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
43.30 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 93.58-60 with SL around 94.40 for a TP of 90.
