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.…
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.
