NZDJPY Retraces on Tokyo CPI: Bulls Eye 95.00 Target as Support Holds
NZDJPY pared some of its gains as the yen gained momentum after Tokyo CPI. It hits an low of 92.95 yesterday and is currently trading around 93.28. Intraday trend is bullish as long as support at 91.80 holds Technicals C…
NZDJPY pared some of its gains as the yen gained momentum after Tokyo CPI. It hits an low of 92.95 yesterday and is currently trading around 93.28. Intraday trend is bullish as long as support at 91.80 holds
Technicals
CMP -93.27
Trend
1- Hour chart
Value
55 EMA
93.29
CMP <value
Bearish
200- EMA
92.95
CMP > value
Bullish
365- EMA
92.87
CMP >value
Bullish
Momentum indicator
Inference
Value
CCI(50)
Bearish
-57.67
ADX
Neutral
Strength improved from 30.55 to 32.32
It is good to buy on dips around 93 with SL around 91.90 for a TP of 95
