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…
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.
