NZDJPY is consolidating in a narrow range after a massive sell-off. It reached an intraday high of 93.56 and is currently trading near 93.34. If the 94.40 resistance level stays steady, the downward trend seems to be going well.
|
Technicals |
CMP -93.34 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
93.12 |
CMP< value |
Bearish |
|
200- EMA |
93.02 |
CMP <value |
Bearish |
|
365- EMA |
92.71 |
CMP< value |
Bearish |
Near-term resistance - 93.60/94.50/95/96. Near-term support- 92.70/91.80/91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
19.34 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 93.38-40 with SL around 94 for a TP of 90.
