AUDJPY trades flat with negative bias after a massive sell-off. It reached an low of 111.348 and is presently trading close to 111.51.
|
Technicals |
CMP -111.506 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
111.84 |
CMP< value |
Bearish |
|
200- EMA |
112.55 |
CMP <value |
Bearish |
|
365- EMA |
112.86 |
CMP<value |
Bearish |
Major support- 111.30/110.80/110.
Major resistance- 111.80/112.40/113/113.56/114/115/116.25/117
OBV - Decrease in volume with price decline confirms bearish trend.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-62.30 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 111.68-70, with an SL around 112.25, for a TP of 110.
