NZDJPY: Sell the Rally as Fake 92 Breakout Keeps Bears in Control
NZDJPY showed a minor pullback after a fake breakout below the 92 level. It hits an intraday low of 91.96 and is currently trading around 92.482. Intraday trend is weak as long resistance 93 resistance holds. Technicals …
NZDJPY showed a minor pullback after a fake breakout below the 92 level. It hits an intraday low of 91.96 and is currently trading around 92.482. Intraday trend is weak as long resistance 93 resistance holds.
Technicals
CMP -92.485
Trend
1- Hour chart
Value
55 EMA
92.36
CMP> value
Bullish
200- EMA
92.56
CMP < value
Bearish
365- EMA
92.675
CMP <value
Bearish
Momentum indicator
Inference
Value
CCI(50)
Bullish
49.23
ADX
Neutral
It is good to sell on rallies around 92.48-50 with SL around 93.10 for a TP of 91.05/90.
