Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

NZDJPY Technical Outlook: Bearish Bias Deepens as Key Resistances Hold

 

NZDJPY trades in a narrow range with neutral bias.  Hit an low of 90.67 yesterday; now trading about 91.15. If the 92.50 resistance holds, the trend is currently downward.

 

 

Technicals

CMP -91.175

Trend

1- Hour chart

Value

 

 

55 EMA

91.33

CMP<value

Bearish

200- EMA

92

CMP <value

Bearish

365- EMA

92.34

CMP< value

Bearish

 Near-term resistance - 91.50/92.01/92.75/93. Nqear-term support- 91/90.50/89.

Momentum indicator

Inference

Value

CCI(50)

Bearish

-80

ADX

Neutral

 

 It is good to sell on rallies around 91.50 with SL around 92.20 for a TP of 90.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.