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NZDJPY's Fifth Day of Pain: Yen Pounds Kiwi Below All Key EMAs — Sell Rallies at 89.18-20 Toward 86.34

On board-based New Zealand dollar weakness, NZDJPY drops for the fifth day running. If the 90.80 barrier holds, the downtrend seems to be leaning toward favourability.

Technicals

CMP-88.73 

Trend

4- Hour chart

Value

 

 

55 EMA

89.44

CMP<value

Bearish

200- EMA

91.03

CMP <value

Bearish

365- EMA

91.85

CMP<value

Bearish

  1. EMA

92.24

CMP<Value

Bearish

 Near-term resistance - 89.60/90/90.80/91.25/91.80/92/92.30/93.20. Near-term support- 88/87/86.34.

Momentum indicator

Inference

Value

CCI(50)

Bearish

-138

ADX

Neutral

 

 It is good to sell on rallies around 89.18-20 an SL around 90 for a TP of 86.34.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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