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NZDJPY Range-Bound Battle: Bullish Day Trade Hinges on 91.80 Support

For the previous two days, NZDJPY has been trading in a tight range of 91.96 to 93.31. At its present price of 92.70, it came close to its intraday high of 92.84. The trend is upward right now if the 91.80 support holds.

Technicals

CMP -92.694

Trend

1- Hour chart

Value

 

 

55 EMA

92.73

CMP<value

Bearish

200- EMA

92.91

CMP <value

Bearish

365- EMA

92.99

CMP< value

Bearish

 

Momentum indicator

Inference

Value

CCI(50)

Neutral

-20.57

ADX

Neutral

 

 

It is good to buy on dips around 92.48-50  with SL around 91.80 for a TP of 94.18.

 

 

 

 

 

 

 

 

 

 

 

 

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