AUDJPY trading weak for second consecutive week as Australian dollar lost its shine. It hits an intraday low of 109.51 and is now trading around 109.69.
|
Technicals |
CMP -109.60 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
109.71 |
CMP< value |
Bearish |
|
200- EMA |
110.59 |
CMP <value |
Bearish |
|
365- EMA |
110.91 |
CMP<value |
Bearish |
Major support- 109/108.
Major resistance- 110/110.95/111.40/112/112.60/113/114/115/116.25
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-66.44 |
|
ADX |
Neutral |
|
It is good to sell on rallies around 110 with SL around 111 for a TP of 108.
