NZDJPY declined sharply as the yen gained momentum. If the 92.30 resistance holds, the downtrend appears to be trending toward favorability.
|
Technicals |
CMP -90.71 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
93.20 |
CMP<value |
Bearish |
|
200- EMA |
93.66 |
CMP <value |
Bearish |
|
365- EMA |
93.57 |
CMP<value |
Bearish |
|
93 |
CMP<Value |
Bearish |
Near-term resistance - 91.50/91.80/92/92.30/93.20/93.80/94.40//95.50. Near-term support: 90.70/90/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-141.24 |
|
ADX |
Bearish |
Strength increased from 48.38 to 49.91 |
It is good to sell on rallies around 91.48-50 with an SL around 92.30, for a TP of 89.


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