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NZDJPY Bullish Above 93 as Yen Stumbles – Buy Signal Triggers at 93.50

NZDJPY holds above the 93 level as the yen loses momentum.  It hits an intraday high of 93.25 and is currently trading around 93.24.

 

Technicals

CMP -93.24

Trend

4- Hour chart

Value

 

 

55 EMA

92.91

CMP>value

Bullish

200- EMA

93.22

CMP >value

Bullish

365- EMA

93.48

CMP<value

Bearish

  1. EMA

93.50

CMP<Value

Bearish

Near-term resistance - 93.60/94.50/95. Near-term support- 92.80/92/91.60/ 91/90.50/89.

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

208.10

ADX

Neutral

 

 It is good to good to buy above 93.50 with SL around 92.70 for a TP of 95.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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