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Yen Strength Fuels NZDJPY Downtrend: Sell Rallies Near 91.50

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

  1. EMA

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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