AUDJPY lost its appeal as the Australian dollar lost momentum. It reached an intraday low of 111.78 and is presently trading at about 112.33.
|
Technicals |
CMP -112.10 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
112.57 |
CMP< value |
Bearish |
|
200- EMA |
112.03 |
CMP >value |
Bearish |
|
365- EMA |
111.42 |
CMP>value |
Bearish |
Major support- 111.40/110.80/110.35/109.80.
Major resistance- 112.60/113/114/115/116.25
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-208 |
|
ADX |
Bearish |
Strength increased from 21.97 to 28 |
It is good to sell on rallies around 112.48-50 with SL around 113.20 for a TP of 110
