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NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target

NZDJPY recovered above the 95 level on board-based New Zealand dollar buying. If the 93.60 support holds, the uptrend appears to be trending toward favorability.

 

Technicals

CMP -95.22

Trend

4- Hour chart

Value

 

 

55 EMA

94.60

CMP>value

Bullish

200- EMA

93.78

CMP >value

Bullish

365- EMA

93.45

CMP>value

Bullish

  1. EMA

92.69

CMP>Value

Bullish

 Near-term resistance - 95.50/96.25/97. Near-term support- 94.35/93.70/93.30/93/ 92.60/92/ 91/90.50/89.

Momentum indicator

Inference

Value

CCI(50)

Bullish

37

ADX

Bullish

Strength increased from 17.68 to 18.81

 It is good to buy on dips around 95 with SL around  94 for the TP of 97.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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