NZDJPY pared some of its gains as the New Zealand dollar loses momentum. If the 94.40 resistance holds, the downtrend appears to be trending toward favorability.
|
Technicals |
CMP -93.448 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
93.57 |
CMP<value |
Bearish |
|
200- EMA |
93.55 |
CMP <value |
Bearish |
|
365- EMA |
93.41 |
CMP>value |
Bullish |
|
92.81 |
CMP>Value |
Bullish |
Near-term resistance - 94.50/95/95.50/96.25/97. Near-term support- 93.70/93.30/93/ 92.60/92/ 91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Neutral |
|
|
ADX |
Neutral |
|
It is good to sell on rallies around 93.68-70 with an SL around 94.30, for a TP of 91.


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