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NZDJPY Under the EMAs: Bearish Setup Favors Selling Bounces Near 92.40

 

 

 

 

NZDJPY trades in narrow range between 91.99 and 92.86 for the past five days. It hits an intraday low of 92.13 and is currently trading around 92.16.

 

Technicals

CMP -92.16

Trend

1- Hour chart

Value

 

 

55 EMA

92.52

CMP <value

Bearish

200- EMA

92.95

CMP < value

Bearish

365- EMA

92.92

CMP <value

Bearish

 

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-34

ADX

Neutral

Strength  increased from 15.58 to 16.77

 

 

It is good to sell on rallies around 92.38-40 with SL around 93 for a TP of 91.05/90.

 

 

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