NZDJPY rallied strongly, breaking significant resistance at 93 as the yen lost its shine. It reached an intraday high of 93. 22 and is presently trading near 93.15. Intraday trend is bullish, provided that support at 92. 50 remains intact.
|
Technicals |
CMP -93.14 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
92.70 |
CMP< value |
Bullish |
|
200- EMA |
92.64 |
CMP < value |
Bullish |
|
365- EMA |
92.70 |
CMP <value |
Bullish |
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
117.09 |
|
ADX |
Bullish |
Strength increased to 28.90 to 31.50 |
It is good to buy on dips around 92.85-90 with SL around 92.40 for a TP of 95
