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NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low

 

NZDJPY pared some of its gains on strong yen. It hits an low of  92.75 yesterday and is currently trading around 93.66.

 

Technicals

CMP -93.96

Trend

4- Hour chart

Value

 

 

55 EMA

94.52

CMP<value

Bearish

200- EMA

93.81

CMP >value

Bullish

365- EMA

93.48

CMP>value

Bullish

  1. EMA

92.72

CMP>Value

Bullish

 Near-term resistance - 94.50/95.50/96.25/97. Near-term support- 93.30/93/ 92.60/92/ 91/90.50/89.

Momentum indicator

Inference

Value

CCI(50)

Beairsh

-270

ADX

Bearish

Strength increased from 23.89 to 25.10

 It is good to sell on rallies around 94 with SL around 95 for a TP of 90.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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