NZDJPY Bears Reload: Sell the Rally as Pullback Stalls Near Key Resistance
NZDJPY showed a minor pullback after a decline of more than 250 pips this week. It hits a low of 91.99 yesterday and is currently trading around 92.56. Technicals CMP -92.55 Trend 1- Hour chart Value 55 EMA 92.71 CMP < v…
NZDJPY showed a minor pullback after a decline of more than 250 pips this week. It hits a low of 91.99 yesterday and is currently trading around 92.56.
Technicals
CMP -92.55
Trend
1- Hour chart
Value
55 EMA
92.71
CMP < value
Bearish
200- EMA
93.22
CMP< value
Bearish
365- EMA
93..05
CMP<Value
Bearish
Momentum indicator
Inference
Value
CCI(50)
below zero line (bearish)
-57
ADX
Neutral
Strength 43
It is good to sell on rallies around 92.78-80 with SL around 93.50 fr a TP of 91.05/90.
