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NZDJPY Coil Tightens: EMA Trio Flashes Bullish "Buy the Dip" Signal for a Run to 95

NZDJPY has traded in a narrow range between 94.30 and 91.32 for the past three weeks. It reached an intraday high of 93.40 and is currently trading near 93.357. If the 92.45 support holds,  the upward trend seems to be going well.

 

Technicals

CMP -93.36

Trend

1- Hour chart

Value

 

 

55 EMA

93.22

CMP>value

Bullish

200- EMA

93.19

CMP >value

Bullish

365- EMA

93.215

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

1.40

ADX

Neutral

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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