For the last three days, NZDJPY has been trading in a constrained range of 92.88 to 94.32. Yesterday, it reached 94.32; now, it is trading close to 93.99. The upward trend appears to be moving well if the support level at 92.80 remains stable.
|
Technicals |
CMP -93.96 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
93.98 |
CMP>value |
Bullish |
|
200- EMA |
93.58 |
CMP >value |
Bullish |
|
365- EMA |
93.21 |
CMP>value |
Bullish |
Near-term resistance - 91.50/92.01/92.75/93. Near-term support- 91/90.50/89.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
-50.76 |
|
ADX |
Neutral |
|
It is good to buy on dips around 93.58-60 with SL around 92.85 for a TP of 95/96.
