NZDJPY trades flat after a massive sell-off. The downtrend seems to be leaning toward favorability if the 90.50 resistance holds.
|
Technicals |
CMP -89.30 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
90.11 |
CMP<value |
Bearish |
|
200- EMA |
92.11 |
CMP <value |
Bearish |
|
365- EMA |
92.65 |
CMP<value |
Bearish |
|
92.62 |
CMP<Value |
Bearish |
Near-term resistance - 90/90.50/90.97/91.80/92/92.30/93.20. Near-term support- 89/88
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
|
|
ADX |
Neutral |
|
It is good to sell on rallies around 90.18-20 with an SL around 91, for a TP of 88.
