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Kiwi Under Siege: NZDJPY Plummets Toward 91.80 as Bearish Momentum Intensifies 
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.
