NZDJPY trades flat after three weeks of bullish trend. If the 94.40 resistance holds, the downtrend appears to be trending toward favorability.
|
Technicals |
CMP -94.83 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
94.09 |
CMP<value |
Bearish |
|
200- EMA |
93.71 |
CMP <value |
Bearish |
|
365- EMA |
93.51 |
CMP>value |
Bullish |
|
92.88 |
CMP>Value |
Bullish |
Near-term resistance - 95.20/95.50/96.25/97. Near-term support- 94.20/93.70/93.30/93/ 92.60/92/ 91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
126.14 |
|
ADX |
Neutral |
|
It is good to buy on dips around 94.20 with an SL around 93.30, for a TP of 97.


FxWirePro: USD/JPY stays range-bound ahead of Jackson Hole Symposium
FxWirePro: AUD/USD hits 11-week top, scope for further upside
FxWirePro: NZD/USD holds steday despite New Zealand’s weak retail sales
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY edges higher but outlook is strongly bearish
FxWirePro: GBP/NZD slips lower, remains on bearish path
Bitcoin Surges Past $77,000 on Whale Accumulation and Bullish Technicals
FxWirePro: AUD/USD steadies around 0.7165,retains bid tone
FxWirePro: GBP/USD hit six month high, scope for further upside
NZDJPY Faces Headwinds: Momentum Fades as Traders Eye Key Resistance
FxWirePro : EUR/NZD dips, set to stay on back foot
AUDJPY Consolidates Near Highs: A Bullish Setup for Further Gains
Bitcoin Surges Past $77,000 on Whale Accumulation and Bullish Technicals
JPY Major Currency Score: NZDJPY, AUDJPY, GBPJPY, EURJPY Show Extreme Bullishness 



