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NZD/JPY Springs Off 38.2% Fib Support: Triple EMA “Buy the Dip” Setup Eyes 96.15–97


NZDJPY took support near 38.2% and showed a minor jump. It is now trading near 95.10 after reaching an intraday low of 94.41. The upward trend seems to be going well if the 93.50 support holds.

 

Technicals

CMP -94.72

Trend

1- Hour chart

Value

 

 

55 EMA

94.05

CMP>value

Bullish

200- EMA

93.45

CMP >value

Bullish

365- EMA

93.10

CMP>value

Bullish

 Near-term resistance - 95.50/96.15/96.85/97.25/98. Near-term support- 94.40/93.80/93/92.40/91.80/91/90.50/89.

Momentum indicator

Inference

Value

CCI(50)

Bullish

79.24

ADX

Neutral

 

 It is good to buy on dips around 94.40 with SL around 93.50 for a TP of 96.15/97.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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