AUDJPY has traded in a narrow range between 110.13 and 108.69 for the past three days. It hit a low of 108.89 and is now trading at about 109. 83
|
Technicals |
CMP -109.54 |
Trend |
|
|
4-hour chart |
Value |
|
|
|
55 EMA |
110.21 |
CMP<value |
Bearish |
|
200- EMA |
111.37 |
CMP <value |
Bearish |
|
365- EMA |
111.86 |
CMP<Value |
Bearish |
|
800-H EMA |
111.44 |
CMP<Value |
Bearish |
Major support- 108.80/107.69/107.
Major resistance: 110/111/112/112.60/113/113.75/115.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-68 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 110.23-25 with SL around 111 for a TP of 109.30/108.
