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NZDJPY Bears Stay in Control After Sell-Off — Sell Rallies at 93 Targeting 90 as All EMAs Align Bearish

NZDJPY recovered slightly after a massive sell-off. It hit a low of  91.88 yesterday and is currently trading around 92.71.

Technicals

CMP -92.71

Trend

4- Hour chart

Value

 

 

55 EMA

92.78

CMP<value

Bearish

200- EMA

93.78

CMP <value

Bearish

365- EMA

93.91

CMP<value

Bearish

  1. EMA

93.67

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 SL around 94 for a TP of 90.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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