NZDJPY is consolidating in a narrow range between 89.08 and 88.11 in past five days. The downtrend seems to be leaning toward favorability if the 90 resistance holds.
|
Technicals |
CMP-88.51 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
88.60 |
CMP<value |
Bearish |
|
200- EMA |
88.79 |
CMP <value |
Bearish |
|
365- EMA |
89.19 |
CMP<value |
Bearish |
|
90.31 |
CMP<Value |
Bearish |
Near-term resistance - 89/89.60/90/90.80/91.25/91.80/92/92.30/93.20. Near-term support- 88/87/86.34.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-78.42 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 88.68- 70, with an SL around 89.20 for a TP of 86.40.


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