NZDJPY has traded in a narrow range between 94.30 and 91.32 for the past three weeks. It reached an intraday high of 93.40 and is currently trading near 93.357. If the 92.45 support holds, the upward trend seems to be going well.
|
Technicals |
CMP -93.36 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
93.22 |
CMP>value |
Bullish |
|
200- EMA |
93.19 |
CMP >value |
Bullish |
|
365- EMA |
93.215 |
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 |
1.40 |
|
ADX |
Neutral |
|
It is good to buy on dips around 93 with SL around 92.48 for a TP of 95.
