On short covering, AUDJPY increased more than 150 pips. Yesterday it reached a low of 109.3; today it is trading near 110.96.
|
Technicals |
CMP -110.96 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
110.89 |
CMP>value |
Bullish |
|
200- EMA |
112.45 |
CMP <alue |
Bearish |
|
365- EMA |
112.83 |
CMP<value |
Bearish |
|
800-H EMA |
112.94 |
CMP<value |
Bearish |
Major support- 109.30/108/107.69.
Major resistance- 111/112/113.10/114.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Neutral |
|
|
ADX |
Neutral |
|
It is good to sell on rallies around 111.38-40 with SL around 112.20 for a TP of 108.
