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NZDJPY Bears Ready to Strike: Sell Rallies at 93 as EMAs Signal Deeper Slide to 90

NZDJPY has traded in a narrow range between 93 and 92.39 over the past three days.  It hit an intraday low of  91.88 yesterday and is currently trading around 92.71.

 

Technicals

CMP -92.716

Trend

4- Hour chart

Value

 

 

55 EMA

92.73

CMP<value

Bearish

200- EMA

93.37

CMP <value

Bearish

365- EMA

93.63

CMP<value

Bearish

  1. EMA

93.55

CMP<Value

Bearish

Near-term resistance - 93/93.60/94.50. Near-term support- 92/91.60/ 91/90.50/89.

 

Momentum indicator

Inference

Value

CCI(50)

Neutral

 

ADX

Neutral

 

 It is good to sell on rallies around 93, with an SL around 94, for a TP of 90.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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