Following a significant increase last week, NZDJPY is narrowing in a small range. After hitting an intraday low of 94.64, it is currently trading at about 94.78. Should the 94 support hold, the upward trend appears to be moving favorably.
|
Technicals |
CMP -94.78 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
94.14 |
CMP>value |
Bullish |
|
200- EMA |
93.50 |
CMP >value |
Bullish |
|
365- EMA |
93.14 |
CMP>value |
Bullish |
Near-term resistance - 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 |
70.17 |
|
ADX |
Neutral |
|
It is good to buy on dips around 94.40 with SL around 93.50 for a TP of 96.15/97.
