NZDJPY is consolidating in a narrow range between 92.47 and 91.56. If the 92.70 resistance holds, the downtrend appears to be trending toward favorability.
|
Technicals |
CMP -92.275 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
92 |
CMP>value |
Bullish |
|
200- EMA |
92.65 |
CMP <value |
Bearish |
|
365- EMA |
92.79 |
CMP<value |
Bearish |
Near-term resistance - 92.70/93.25/93.62/94/94.40/95/95.50. Near-term support- 91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
73.18 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 92.48-50 with an SL around 93, for a TP of 90.
