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NZDJPY Strategy: Sell the Rallies as Resistance Holds Firm

Over the past two days, NZDJPY has traded in a tight range between 92.60 and 93.30. At its present price of 93.13, it came almost to its intraday low of 93.02. The intraday trend is negative if the 94.20 resistance stays unchanged.

 

Technicals

CMP -93.12

Trend

1- Hour chart

Value

 

 

55 EMA

93.05

CMP <value

Bullish

200- EMA

93.15

CMP <value

Bearish

365- EMA

93.14

CMP< value

Bearish

 

Momentum indicator

Inference

Value

CCI(50)

Neutral

40.68

ADX

Neutral

 

 

It is good to sell on rallies around 93.18-20  with SL around 94.18 for a TP of 90.85/90.

 

 

 

 

 

 

 

 

 

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