AUDJPY trades above 111 as Australian dollar gains momentum. Yesterday it reached a high of 111.228; today it is trading near 111.08.
|
Technicals |
CMP -111.08 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
112.26 |
CMP>value |
Bullish |
|
200- EMA |
112.84 |
CMP <alue |
Bearish |
|
365- EMA |
112.75 |
CMP<value |
Bearish |
|
800-H EMA |
111.12 |
CMP<value |
Bearish |
Major support- 109.30/108/107.69.
Major resistance- 111.40/112/113.10/114.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
|
|
ADX |
Neutral |
|
It is good to sell on rallies around 111.38-40, with an SL around 112.20, for a TP of 108.
