NZDJPY is trading higher on board-based Yen weakness. It reached a high of 91.65 yesterday, and it is presently near 91.515. The downtrend seems to be leaning toward favorability if the 92.40 resistance holds.
|
Technicals |
CMP -91.60 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
91.43 |
CMP>value |
Bullish |
|
200- EMA |
91.85 |
CMP <value |
Bearish |
|
365- EMA |
92.31 |
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) |
Bullish |
128 |
|
ADX |
Bullish |
Strength increased from 11.30 to 15.84 |
It is good to sell on rallies around 91.78-80 with SL around 92.40 for a TP of 90.
