NZDJPY trades flat with a negative bias. It reached an intraday low of 92.49 and is currently trading near 92.80. If the 94.40 resistance holds, the downward trend seems to be going well.
|
Technicals |
CMP -93.11 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
93.03 |
CMP<value |
Bearish |
|
200- EMA |
93.15 |
CMP <value |
Bearish |
|
365- EMA |
93.19 |
CMP<value |
Bearish |
Near-term resistance - 94/94.50/95/96. Near-term support- 92.45/91.80/91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
82.15 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 93.58-60 with SL around 94.40 for a TP of 90.
