AUDJPY has traded higher for the past 3 weeks on a board-based Australian dollar. It hit an intraday high of 114.51 and is currently trading near 114.44.
|
Technicals |
CMP -114.44 |
Trend |
|
|
4-hour chart |
Value |
|
|
|
55 EMA |
113.49 |
CMP>value |
Bullish |
|
200- EMA |
112.95 |
CMP > value |
Bullish |
|
365- EMA |
112.81 |
CMP>value |
Bullish |
|
800-H EMA |
111.47 |
CMP>value |
Bullish |
Major support- 113/112.60/112/111.40/110/109.30/108/107.69.
Major resistance: 115/116/117.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
131.50 |
|
ADX |
|
Strength increased from 33 to 35.80 |
It is good to buy on dips around 114, with SL around 113 for a TP of 115.
