Around 94.30, triple top formed for NZDJPY and dropped more than 50 pip. It is now trading near 93.87 after reaching an intraday high of 94.29. The upward trend seems to be going well if the 92.48 support holds.
|
Technicals |
CMP -93.87 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
93.60 |
CMP>value |
Bullish |
|
200- EMA |
93.33 |
CMP >value |
Bullish |
|
365- EMA |
93.28 |
CMP>value |
Bullish |
Near-term resistance - 94/94.50/95/96. Near-term support- 92.45/91.80/91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
58.78 |
|
ADX |
Neutral |
|
It is good to buy on dips around 93.48-50 with SL around 92.78 for a TP of 95.
