AUDJPY has been consolidating in a narrow range between 109.62 and 110.52 for the past five days. It hit an intraday high of 110.33 and is now trading around 110.33
|
Technicals |
CMP -110.33 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
110.29 |
CMP>value |
Bullish |
|
200- EMA |
110.235 |
CMP >value |
Bullish |
|
365- EMA |
110.41 |
CMP<Value |
Bearish |
|
800-H EMA |
111.03 |
CMP<Value |
Bearish |
Major support: 108.80/107.69/107.
Major resistance: 111/112/112.60/113/113.75/115.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-63 |
|
ADX |
Neutral |
|
It is good to buy on dips around 110 with SL around 109.50 for a TP of 112.
