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NZDJPY on the Edge: Sell the Bounce as Bears Regroup Below Key EMAs

NZDJPY trades in narrow range after a massive sell-off. It hits an low of 91.97 and is currently trading around 92.53. Technicals CMP -92.529 Trend 1- Hour chart Value 55 EMA 92.52 CMP > value Bullish 200- EMA 93.04 CMP …

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NZDJPY on the Edge: Sell the Bounce as Bears Regroup Below Key EMAs
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NZDJPY trades in narrow range after a massive sell-off. It hits an low of 91.97 and is currently trading around 92.53.

 

Technicals

CMP -92.529

Trend

1- Hour chart

Value

 

 

55 EMA

92.52

CMP > value

Bullish

200- EMA

93.04

CMP < value

Bearish

365- EMA

92.96

CMP <value

Bearish

 

 

Momentum indicator

Inference

Value

CCI(50)

Neutral

3.93

ADX

Neutral

Strength  dropped from 19 to 16   

 

It is good to sell on rallies around 92.80 with SL around 93.65 fr a TP of 91.05/90.

 

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