Kiwi Bulls Charge: NZDJPY Targets 94 as Yen Momentum Fades
Trading on NZDJPY at more than 93 as yen momentum slows. Currently trading at 93.34, it reached its intraday high of 93.417. Intraday trend is positive provided the 91.80 support stays intact. Technicals CMP -93.33 Trend…
Trading on NZDJPY at more than 93 as yen momentum slows. Currently trading at 93.34, it reached its intraday high of 93.417. Intraday trend is positive provided the 91.80 support stays intact.
Technicals
CMP -93.33
Trend
1- Hour chart
Value
55 EMA
93.02
CMP >value
Bullish
200- EMA
93.05
CMP >value
Bullish
365- EMA
93
CMP> value
Bullish
Momentum indicator
Inference
Value
CCI(50)
Bullish
123.85
ADX
Bullish
Strength increased from 17.33 to 18.76
It is good to buy on dips around 92.48-50 with SL around 91.80 for a TP of 94.
