NZDJPY trades in a narrow range with neutral bias. Hit an low of 90.67 yesterday; now trading about 91.15. If the 92.50 resistance holds, the trend is currently downward.
|
Technicals |
CMP -91.175 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
91.33 |
CMP<value |
Bearish |
|
200- EMA |
92 |
CMP <value |
Bearish |
|
365- EMA |
92.34 |
CMP< value |
Bearish |
Near-term resistance - 91.50/92.01/92.75/93. Nqear-term support- 91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-80 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 91.50 with SL around 92.20 for a TP of 90.
