NZDJPY made a double bottom close to 92 and had a good bounce back as geopolitical tensions eased. With a current price of 92.90, it approached its intraday low of 92.12. If the 91.80 support stays, the trend during the day is up.
|
Technicals |
CMP -93.21 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
92.75 |
CMP< value |
Bullish |
|
200- EMA |
93.01 |
CMP <value |
Bearish |
|
365- EMA |
93.06 |
CMP< value |
Bearish |
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Neutral |
0.48 |
|
ADX |
Bullish |
Strength increased from 16 to 17.65 |
It is good to buy on dips around 92.48-50 with SL around 91.80 for a TP of 94.18.
