Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

Yen Roars Back: Sell AUDJPY Rallies to 109.30, Eye 106 Target

AUDJPY pared most of its gains as the yen gained momentum.  It hits an intraday low of92.69 and is currently trading around 108.82.

Technicals

CMP -108.83

Trend

1- Hour chart

Value

 

 

55 EMA

109.56

CMP is less than value

Bearish

200- EMA

109.14

CMP is less than value

Bearish

365- EMA

108.43

CMP is more than value

Bullish

 

Major support- 108/106.85/106.

 

Momentum indicator

Inference

Value

CCI(50)

below zero line (bearish)

-94

ADX

Bearish

Strength     40.86

 

It is good to sell on rallies around 109.28-30 with SL around 110 for a TP of 106.

 

  • Market Data
Close

Welcome to EconoTimes

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