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NZDJPY Rally Fades Below 93: Sell-on-Rise Setup Emerges Toward 91–90 Zone

NZDJPY gained above 92.50 as the yen loses momentum. It hits an intraday low of 92 and is currently trading around 92.71. Intraday trend is weak as long resistance 93 resistance holds.

 

Technicals

CMP -92.71

Trend

1- Hour chart

Value

 

 

55 EMA

92.42

CMP> value

Bullish

200- EMA

92.74

CMP < value

Bearish

365- EMA

92.80

CMP <value

Bearish

 

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

111.21

ADX

Neutral

Strength  increased from 14.60 to 15.40

 

It is good to sell on rallies around 92.78-80 with SL around 93.50 for a TP of 91.05/90.

 

 

 

 

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