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NZDJPY in Consolidation: Navigating the 92.00 Range as Bearish Clouds Gather

 

For the previous two weeks, NZDJPY has moved in a constrained range between 91.96 and 94.18. Hit an intraday low of 92.34; now trading about 92.43. If the 91.80 support holds, the trend is currently upward.

Technicals

CMP -92.43

Trend

1- Hour chart

Value

 

 

55 EMA

92.60

CMP<value

Bearish

200- EMA

92.83

CMP <value

Bearish

365- EMA

92.93

CMP< value

Bearish

 

Momentum indicator

Inference

Value

CCI(50)

Bearish

-85.86

ADX

Neutral

 

 

It is good to buy on dips around 92.48-50  with SL around 91.80 for a TP of 94.18.

 

 

 

 

 

 

 

 

 

 

 

 

 

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