NZDJPY pared most of its gains as the New Zealand dollar lost momentum. It reached an intraday low of 91.23, and it is presently near 91.294. The downtrend seems to be leaning toward favorability if the 92 resistance holds.
|
Technicals |
CMP -91.262 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
91.88 |
CMP<value |
Bearish |
|
200- EMA |
92.60 |
CMP <value |
Bearish |
|
365- EMA |
92.94 |
CMP<value |
Bearish |
Near-term resistance - 91.85/92.20/92.70/93.25/93.62/94/94.40/95/95.50. Near-term support- 91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-108 |
|
ADX |
Bearish |
Strength increased from 37.76 to 39.44 |
It is good to sell on rallies around 93.28-30 with SL around 94 for a TP of 91.80.
