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NZDJPY: Bearish Trend Favors Sellers on Rallies Near 90.18-20 Resistance

NZDJPY trades flat after a massive sell-off. The downtrend seems to be leaning toward favorability if the 90.50 resistance holds.

Technicals

CMP -89.30

Trend

1- Hour chart

Value

 

 

55 EMA

90.11

CMP<value

Bearish

200- EMA

92.11

CMP <value

Bearish

365- EMA

92.65

CMP<value

Bearish

  1. EMA

92.62

CMP<Value

Bearish

 Near-term resistance - 90/90.50/90.97/91.80/92/92.30/93.20. Near-term support- 89/88

Momentum indicator

Inference

Value

CCI(50)

Bearish

 

ADX

Neutral

 

 It is good to sell on rallies around  90.18-20 with an SL around 91, for a TP of 88.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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