NZDJPY is consolidating in a narrow range between 94.04 and 93.38 for the past two days . It reached an intraday low of 93.40 and is currently trading near 93.658. If the 94.40 resistance holds, the downward trend seems to be going well.
|
Technicals |
CMP -93.658 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
93.65 |
CMP< value |
Bullish |
|
200- EMA |
93.44 |
CMP >value |
Bullish |
|
365- EMA |
93.30 |
CMP>value |
Bullish |
Near-term resistance - 94/94.50/95/96. Near-term support- 92.70/91.80/91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-45.45 |
|
ADX |
Bearish |
Strength increased from 14.95 to 16.38 |
It is good to buy on dips around 93.48-50 with SL around 92.80 for a TP of 97.
