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NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop

NZDJPY trades flat with a negative bias. It hits an intraday high of 93.02 and is currently trading around 92.97. Technicals CMP -92.97 Trend 4- Hour chart Value 55 EMA 92.84 CMP>value Bullish 200- EMA 93.28 CMP <value B…

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NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
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NZDJPY trades flat with a negative bias.  It hits an intraday high of 93.02 and is currently trading around 92.97.

 

Technicals

CMP -92.97

Trend

4- Hour chart

Value

 

 

55 EMA

92.84

CMP>value

Bullish

200- EMA

93.28

CMP <value

Bearish

365- EMA

93.54

CMP<value

Bearish

  1. EMA

93.55

CMP<Value

Bearish

Near-term resistance - 93/93.60/94.50. Near-term support- 92/91.60/ 91/90.50/89.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

83.50

ADX

Neutral

 

 It is good to sell on rallies around 93 with SL around 94 for a TP of 90.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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