AUDJPY is consolidating in a narrow range between 111.99 and 111.24 for the past three days. It fell to 111.24 and is now trading close to 111.589.
|
Technicals |
CMP -111.589 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
112.25 |
CMP< value |
Bearish |
|
200- EMA |
112.93 |
CMP <value |
Bearish |
|
365- EMA |
112.62 |
CMP<value |
Bearish |
Major support- 110.80/110.
Major resistance- 111.80/112.40/113/113.56/114/115/116.25/117.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-89.74 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 111.68-70, with an SL around 112.25, for a TP of 110.
