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.


FxWirePro: AUD/USD trades flat as market assess weak consumer sentiment data
FxWirePro: USD/CNY trades flat near near 3 -1/2 year low , Outlook bearish
FxWirePro: USD/JPY dips as Yen firms on BOJ rate expectation
Major Pair Currency Score: USDCHF and AUDUSD Bullish and levels to watch
FxWirePro: EUR/NZD edges lower, remains on back foot
FxWirePro: USD/CNY edges lower, bearish setup remains
FxWirePro: NZD/USD edges lower, attention on Iran war and U.S. inflation data
AUDJPY Weakens Amidst Broad Yen Strength: Sell Rallies Near 112
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
Yen Strength Fuels NZDJPY Downtrend: Sell Rallies Near 91.50
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/USD gains some ground but outlook is bearish
FxWirePro: USD/ZAR edges higher as rand weakens ahead of key economic releases this week
FxWirePro:USD/CAD extends decline, vulnerable to more downside 



