AUDJPY recovered slightly above the 114 level on board-based yen weakness. It reached a low of 113.64 yesterday and is presently trading close to 114.11.
|
Technicals |
CMP -114.11 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
114.12 |
CMP<value |
Bearish |
|
200- EMA |
113.57 |
CMP >value |
Bullish |
|
365- EMA |
112.63 |
CMP>value |
Bullish |
Major support- 113.80/113.38/112.80/112/111.80/110.
Major resistance- 115/116.25/117
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-71.22 |
|
ADX |
Bearish |
Strength increased from 13.83 to 24.72 |
It is good to buy on dips around 113.85 with SL around 113 for a TP of 116.25/117.
