Ongoing geopolitical tensions cause NZDJPY to trade extremely erratically. It dropped to 92.25 during the day and is now trading around 92.92. The downward trend appears to be moving well if the resistance level of 93 stays stable.
|
Technicals |
CMP -93.04 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
92.78 |
CMP> value |
Bullish |
|
200- EMA |
93.05 |
CMP <value |
Bearish |
|
365- EMA |
93.12 |
CMP< value |
Bearish |
Near-term resistance - 93/93.60/94.50/95/96. Near-term support- 92.70/91.80/91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
52.59 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 93.18-20 with SL around 94 for a TP of 90.
