Candle stik pattern- Hammer
Bullish divergence- CCI(50)
AUDJPY recovered slightly due to short covering. It his an intraday low of 110.27 and is currently trading near 111.16.
|
Technicals |
CMP -111.16 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
112.94 |
CMP<value |
Bearish |
|
200- EMA |
113.08 |
CMP <value |
Bearish |
|
365- EMA |
112.95 |
CMP<Value |
Bearish |
|
800-H EMA |
111.71 |
CMP<Value |
Bearish |
Major support- 110/109.30/108/107.69.
Major resistance: 111.37/111.71/112/112.60/113/113.75/115.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bearish |
-141.61 |
|
ADX |
Bearish |
Strength increased from 56.35 to 60.04 |
It is good to buy on dips around 111.18-20 with SL around 110.80 for a TP of 112.
