NZDJPY in Consolidation: Navigating the 92.00 Range as Bearish Clouds Gather
For the previous two weeks, NZDJPY has moved in a constrained range between 91.96 and 94.18. Hit an intraday low of 92.34; now trading about 92.43. If the 91.80 support holds, the trend is currently upward. Technicals CM…
For the previous two weeks, NZDJPY has moved in a constrained range between 91.96 and 94.18. Hit an intraday low of 92.34; now trading about 92.43. If the 91.80 support holds, the trend is currently upward.
Technicals
CMP -92.43
Trend
1- Hour chart
Value
55 EMA
92.60
CMP<value
Bearish
200- EMA
92.83
CMP <value
Bearish
365- EMA
92.93
CMP< value
Bearish
Momentum indicator
Inference
Value
CCI(50)
Bearish
-85.86
ADX
Neutral
It is good to buy on dips around 92.48-50 with SL around 91.80 for a TP of 94.18.
