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NZDJPY Weakens for Fifth Day Amidst Yen Strength, Bearish Trend Favors Downside

NZDJPY trades weak for the fifth consecutive day on board-based yen strength. If the 91.78 resistance holds, the downtrend appears to be trending toward favorability.

 

Technicals

CMP -90.05

Trend

4- Hour chart

Value

 

 

55 EMA

92.66

CMP<value

Bearish

200- EMA

93.49

CMP <value

Bearish

365- EMA

93.48

CMP<value

Bearish

  1. EMA

92.98

CMP<Value

Bearish

 Near-term resistance - 90.97/91.80/92/92.30/93.20/93.80/94.40//95.50. Near-term support: 90.70/90/89.

Momentum indicator

Inference

Value

CCI(50)

Bearish

-143.43

ADX

Bearish

Strength increased from 49.70 to 60.40

 It is good to sell on rallies around  91 with an SL around 91.80, for a TP of 89.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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