NZDJPY Technical Outlook: Bearish Momentum Gains Traction as Kiwi Weakens
NZDJPY pared most of its gains on board-based New Zealand dollar weakness. Hit an intraday low of 91.77; now trading about 92.29. If the 94.20 resistance holds, the trend is currently downward. Technicals CMP -92.28 Tren…
NZDJPY pared most of its gains on board-based New Zealand dollar weakness. Hit an intraday low of 91.77; now trading about 92.29. If the 94.20 resistance holds, the trend is currently downward.
Technicals
CMP -92.28
Trend
1- Hour chart
Value
55 EMA
92.29
CMP<value
Bearish
200- EMA
92.7
CMP <value
Bearish
365- EMA
92.87
CMP< value
Bearish
Momentum indicator
Inference
Value
CCI(50)
Neutral
ADX
Neutral
It is good to sell on rallies around 92.95-93 with SL around 94.18 for a TP of 90.
