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.
