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NZDJPY Bullish Surge: Strong Kiwi Ignites Fresh Upside as 94 Support Holds and All EMAs Align

NZDJPY trades higher on a strong New Zealand dollar. If the 94 support holds, the uptrend appears to be trending toward favorability. Technicals CMP -94.88 Trend 1- Hour chart Value 55 EMA 93.45 CMP>value Bullish 200- EM…

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NZDJPY Bullish Surge: Strong Kiwi Ignites Fresh Upside as 94 Support Holds and All EMAs Align
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NZDJPY trades higher on a strong New Zealand dollar.  If the 94 support holds, the uptrend appears to be trending toward favorability.

 

Technicals

CMP -94.88

Trend

1- Hour chart

Value

 

 

55 EMA

93.45

CMP>value

Bullish

200- EMA

92.93

CMP >value

Bullish

365- EMA

92.92

CMP>value

Bullish

  1. EMA

92.33

CMP>Value

Bullish

 Near-term resistance - 94.60/95/95.50/96.25/97. Near-term support-93.70/93.30/93/ 92.60/92/ 91/90.50/89.

Momentum indicator

Inference

Value

CCI(50)

Bullish

145.93

ADX

Bullish

Strength increased from 33 to 49

 It is good to buy on dips around 94.48-50 with an SL around 93.50, for a TP of 97

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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