NZDJPY trades below the 90 level on board-based New Zealand dollar selling. The downtrend seems to be leaning toward favorability if the 90.80 resistance holds.
|
Technicals |
CMP -89.47 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
89.94 |
CMP<value |
Bearish |
|
200- EMA |
91.44 |
CMP <value |
Bearish |
|
365- EMA |
92.16 |
CMP<value |
Bearish |
|
92.39 |
CMP<Value |
Bearish |
Near-term resistance - 90.10/90.80/91.25/91.80/92/92.30/93.20. Near-term support: 89/88
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-50.26 |
|
ADX |
Bearish |
Strength increased from12.27 to 14.17 |
It is good to sell on rallies around 89.68-70 an SL around 90.60 for a TP of 88.
