As the Australian dollar loses strength, AUDJPY trades poor. It dropped to 112.56 and is now trading close to 113.17.
|
Technicals |
CMP -113.17 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
113.93 |
CMP<value |
Bearish |
|
200- EMA |
113.56 |
CMP <value |
Bearish |
|
365- EMA |
112.59 |
CMP<value |
Bearish |
Major support- 112.50/112/111.80/110.
Major resistance- 113.20/113.56/114/115/116.25/117
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-231.08 |
|
ADX |
Bearish |
Strength increased from 26.12 to 36.81 |
It is good to sell on rallies around 113.28-30, with an SL around 114, for a TP of 110.50.
