NZDJPY lost its shine after a minor pullback.It peaked at 92.44 yesterday and now sits around 91.75. If the 92.50 resistance holds, the downtrend appears to be trending toward favorability.
|
Technicals |
CMP -91.90 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
92.08 |
CMP<value |
Bearish |
|
200- EMA |
91.98 |
CMP <value |
Bearish |
|
365- EMA |
92.28 |
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) |
Bearish |
-129.49 |
|
ADX |
Bearish |
Strength increased from 17.93 to 2.73 |
It is good to sell on rallies around 92, with an SL around 93, for a TP of 90.
