NZDJPY showed a minor decline below 92.50 as the New Zealand dollar lost momentum. It hits an intraday low of 92 and is currently trading around 92.71. Intraday trend is weak as long resistance 93 resistance holds.
|
Technicals |
CMP -92.32 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
92.47 |
CMP < value |
Bearish |
|
200- EMA |
92.69 |
CMP < value |
Bearish |
|
365- EMA |
92.80 |
CMP <value |
Bearish |
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-17.86 |
|
ADX |
Neutral |
Strength decreased from 12.37 to 11.89 |
It is good to sell on rallies around 92.78-80, with a SL around 93.50, for a TP of 91.05/90.
