NZDJPY lost its shine on board-based yen buying.The downtrend seems to be leaning toward favorability if the 90.80 resistance holds.
|
Technicals |
CMP 89.85 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
89.78 |
CMP<value |
Bearish |
|
200- EMA |
91.30 |
CMP <value |
Bearish |
|
365- EMA |
92.06 |
CMP<value |
Bearish |
|
92.32 |
CMP<Value |
Bearish |
Near-term resistance - 89.60/90/90.80/91.25/91.80/92/92.30/93.20. Near-term support- 88.45/88/87.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-148.99 |
|
ADX |
Bearish |
Strength increased from 14.55 to 22.26 |
It is good to sell on rallies around 90.28-30 an SL around 91, for a TP of 88.


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