NZDJPY showed a minor pull back after a massive sell-off. If the 90.60 resistance holds, the downtrend appears to be trending toward favorability.
|
Technicals |
CMP -89.91 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
90.02 |
CMP<value |
Bearish |
|
200- EMA |
91.52 |
CMP <value |
Bearish |
|
365- EMA |
92.39 |
CMP<value |
Bearish |
|
93.09 |
CMP<Value |
Bearish |
Near-term resistance - 90.50/90.97/91.80/92/92.30/93.20. Near-term support- 89.50/89/88
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Neutral |
|
|
ADX |
Neutral |
|
It is good to sell on rallies around 90.18-20 with an SL around 91, for a TP of 88.


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