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NZDJPY Bears Reload: Sell Rallies to 90 as All EMAs Turn Hostile

NZDJPY pared some of its gains after minor pullback. It hits an low of  91.88 yesterday and is currently trading around 92.71.

 

Technicals

CMP -92.71

Trend

4- Hour chart

Value

 

 

55 EMA

93.62

CMP<value

Bearish

200- EMA

93.61

CMP <value

Bearish

365- EMA

93.40

CMP<value

Bearish

  1. EMA

92.70

CMP<Value

Bearish

Near-term resistance - 93/93.60/94.50. Near-term support- 92/91.60/ 91/90.50/89.

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

 

ADX

Neutral

 

 It is good to sell on rallies around 93, with an SL around 94, for a TP of 90.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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