NZDJPY: Downtrend Favors Sellers After Minor Pullback; Sell on Rallies Advised 
FxWirePro- Woodies Pivot (Major) 
FxWirePro: USD/ZAR hits three-week high after hot U.S. PPI data 
AUDJPY Trades in Narrow Range, Bearish Indicators Suggest Selling on Rallies 
FxWirePro: EUR/NZD gaining momentum for a move towards 2.0100 level 
JPY Major Currency Score: AUDJPY, EURJPY, CADJPY Extremely Bearish 
Silver Under Pressure After ECB Rate Hike: Bearish Technicals Point to Sell-on-Rally Opportunity 
Upbeat UK GDP Fails to Lift GBP/JPY as Bears Target 207 
Gold Loses Luster Amid Rising US Bond Yields, Iran Conflict; Sell on Rallies Advised 
FxWirePro: GBP/AUD hovered near three month low , Outlook bearish 
FxWirePro: GBP/NZD runs out of steam but maintains bullish outlook 
EUR/USD Defies ECB Rate Hike to Reclaim 1.1600: Technical Setup Points to Buy-on-Dips Opportunity 
FxWirePro: AUD/USD stays defensive ahead of key U.S. inflation data 
FxWirePro: USD/CAD firms slightly, but downward resumption looks likely 
EURUSD Holds Above 1.1600 Despite US CPI, Fed Rate Hike on the Horizon 
FxWirePro: USD/CNY sees some bounce after yesterday's fall 
JPY Major Currency Score: All Bearish 
Add as a preferred source on Google
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.
