NZDJPY has traded in a narrow range between 90.54 and 88.68 for the past week.The downtrend seems to be leaning toward favorability if the 90.80 resistance holds.
|
Technicals |
CMP 88.96 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
89.65 |
CMP<value |
Bearish |
|
200- EMA |
91.18 |
CMP <value |
Bearish |
|
365- EMA |
91.97 |
CMP<value |
Bearish |
|
92.30 |
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 |
-140.64 |
|
ADX |
Bearish |
Strength increased from 22.05 to 23.29 |
It is good to sell on rallies around 89.60-65, with an SL around 90.60, for a TP of 87.


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