NZDJPY lost its shine after the second consecutive rate hike of 25 bpbs by the RBNZ. If the 94.40 resistance holds, the downtrend appears to be trending toward favorability.
|
Technicals |
CMP -92.93 |
Trend |
|
|
4-hour chart |
Value |
|
|
|
55 EMA |
94.42 |
CMP<value |
Bearish |
|
200- EMA |
94.02 |
CMP >value |
Bullish |
|
365- EMA |
93.74 |
CMP>value |
Bullish |
|
93.05 |
CMP>Value |
Bullish |
Near-term resistance - 93.50/94.40//95.50/96.25/97. Near-term support- 92.60/92/ 91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-478 |
|
ADX |
Bearish |
Strength increased from 11.69 to 18.18 |
It is good to sell on rallies around 93.18-20 with an SL around 94.40, for a TP of 90.


FxWirePro: GBP/AUD stuck in range but maintains bearish bias
NZDJPY Faces Selling Pressure: Will 95.20 Resistance Hold?
Major Pair Currency Scores: USDCHF Leads as Bullish Contender and major levels to watch
FxWirePro- Woodies Pivot (Major)
AUDJPY Pares Gains: Bullish Trend Intact Above 114 Despite Profit-Taking
FxWirePro: AUD/USD dips as Australian Q2 economic growth moderates
JPY Major Currency Score: NZDJPY and CHFJPY Show Extreme Bearish Sentiment
FxWirePro: GBP/AUD stuck in range but maintains bearish bias
FxWirePro: NZD/USD slips after RBNZ rate decision
FxWirePro: GBP/USD slips another leg lower, eyes 1.3400 level
FxWirePro:EUR/NZD gains some ground but outlook is bearish
FxWirePro: USD/ZAR sees bounce after yesterday's fall
FxWirePro: USD/CAD gains some upside momentum but still bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/ AUD gains slightly but remains on bearish path
FxWirePro: USD/CNY edges higher but bearish setup remains
FxWirePro: GBP/NZD downtrend loses steam but outlook still bearish 



