NZD/JPY Consolidation Phase: A Bullish Springboard in the Making?
For the past two weeks, NZDJPY has been trading in a tight range between 93.83 and 92.56. At 93.41 now, it touched its intraday low of 93.19. Intraday trend is positive provided the 91.80 support stays intact Technicals …
For the past two weeks, NZDJPY has been trading in a tight range between 93.83 and 92.56. At 93.41 now, it touched its intraday low of 93.19. Intraday trend is positive provided the 91.80 support stays intact
Technicals
CMP -93.33
Trend
1- Hour chart
Value
55 EMA
93.28
CMP >value
Bullish
200- EMA
93.14
CMP >value
Bullish
365- EMA
93.06
CMP> value
Bullish
Momentum indicator
Inference
Value
CCI(50)
Bullish
48.94
ADX
Neutral
It is good to buy on dips around 93 with SL around 92.45 for a TP of 94.
