According to price location as you can see on the NZDJPY According to price location as you can see on the below the wave of EMA indicators which can be understood as a bearish trend signal for the upcoming period.
There are also two other signals that I mentions today the first one was on the RSI indicator which it's line moves below the 50th line to perform a good sell signal and the other one was on the MACD indicator witch shows that the green line is moving up and then I can understand that there are an active bulls in the market at the moment.
Until the price can gain strength to get over the wave of EMAs I think going with the bears will be the right decision for the traders .