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NZDJPY Bulls Hold the Line: 92.60 Support Fuels Dip-Buy Setup to 95

NZDJPY pared some of its gains. If the 92.60 support holds, the uptrend appears to be trending toward favorability. Technicals CMP -93.64 Trend 1- Hour chart Value 55 EMA 93.21 CMP>value Bullish 200- EMA 92.66 CMP >value…

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NZDJPY Bulls Hold the Line: 92.60 Support Fuels Dip-Buy Setup to 95
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NZDJPY pared some of its gains. If the 92.60 support  holds, the uptrend appears to be trending toward favorability.

 

Technicals

CMP -93.64

Trend

1- Hour chart

Value

 

 

55 EMA

93.21

CMP>value

Bullish

200- EMA

92.66

CMP >value

Bullish

365- EMA

92.54

CMP>value

Bullish

  1. EMA

92.67

CMP>Value

Bullish

 Near-term resistance - 94/94.40/95/95.50. Near-term support- 93.20/92.60/92/ 91/90.50/89.

Momentum indicator

Inference

Value

CCI(50)

Bullish

214.87

ADX

Neutral

 

 It is good to buy on dips around 93.20-22, with an SL at 92.60, for a TP at 95.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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