Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

NZDJPY Technical Outlook: Bearish Bias Persists Below Key Resistance

 

 

 

NZDJPY trades flat with negative bias. It reached an intraday low of 92.49 and is currently trading near 92.80. If the 94.40 resistance holds,  the downward   trend seems to be going well.

 

Technicals

CMP -93.44

Trend

1- Hour chart

Value

 

 

55 EMA

93.20

CMP>value

Bullish

200- EMA

93.18

CMP >value

Bullish

365- EMA

93.212

CMP>value

Bullish

 Near-term resistance - 94/94.50/95/96. Near-term support- 92.45/91.80/91/90.50/89.

Momentum indicator

Inference

Value

CCI(50)

Bullish

98.15

ADX

Neutral

 

 It is good to buy on dips around 93  with SL around 92.48 for a TP of 95.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.