Due to board-based New Zealand dollar depreciation, NZDJPY cut some of its gains. At 92.57, it was close to its intraday low of 92.37. The trend during the trading day is downward if the resistance level at 94.20 remains unbroken.
|
Technicals |
CMP -92.55 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
92.93 |
CMP >value |
Bearish |
|
200- EMA |
93.09 |
CMP <value |
Bearish |
|
365- EMA |
93.11 |
CMP< value |
Bearish |
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-197.42 |
|
ADX |
Bearish |
Strength increased from 16 to 18 |
It is good to sell on rallies around 93.18-20 with SL around 94.18 for a TP of 90.85/90.
