FxWirePro- Woodies Pivot (Major) 
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FxWirePro- Woodies Pivot (Major) 
NZDJPY: Downtrend Favors Sellers After Minor Pullback; Sell on Rallies Advised 
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JPY Major Currency Score: All Bearish 
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FxWirePro: USD/JPY hovers near 7-month low, Outlook strongly bearish 
FxWirePro: USD/ZAR hits three-week high after hot U.S. PPI data 
FxWirePro: USD/CNY bearish outlook persists 
FxWirePro: USD/CAD gains some upside momentum but still bearish 
JPY Major Currency Score: AUDJPY, EURJPY, CADJPY Extremely Bearish 
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NZDJPY is consolidating after a massive sell-off. If the 90.78 resistance holds, the downtrend appears to be trending toward favorability.
|
Technicals |
CMP -89.89 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
89.83 |
CMP>value |
Bullish |
|
200- EMA |
91.16 |
CMP <value |
Bearish |
|
365- EMA |
92.09 |
CMP<value |
Bearish |
|
92.90 |
CMP<Value |
Bearish |
Near-term resistance - 90.50/90.97/91.80/92/92.30/93.20. Near-term support- 89.50/89/88
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
120.45 |
|
ADX |
Bearish |
Strength increased from 20.38 to 22.87 |
It is good to sell on rallies around 90.18-20 with an SL around 91, for a TP of 88.
