Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

NZDJPY Bulls Capped: Triple Bearish EMA Stack Signals Downtrend Path Toward 90

NZDJPY pared some of its gains after a minor jump above 93.50. It hit a high of 93.63 yesterday; it is now around 93.19. If the 94.20 resistance holds, the downtrend looks to be trending toward favorability.

 

Technicals

CMP -93.43

Trend

4- Hour chart

Value

 

 

55 EMA

93.65

CMP<value

Bearish

200- EMA

93.51

CMP <value

Bearish

365- EMA

93.20

CMP<value

Bearish

 Near-term resistance - 93.60/94/94.40/95/95.50/96.15/96.85/97.25. Near-term support- 93/92.40/91.80/91/90.50/89.

Momentum indicator

Inference

Value

CCI(50)

Bearish

-79.36

ADX

Neutral

 

 It is good to sell on rallies around  93.48-50 with SL around 95 for a TP of 90.50/90.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.