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NZDJPY Strategy: Buying the Dips as Bullish Momentum Holds Firm

 

 

 

For the past one week, NZDJPY trades in a tight range between 93.87 and 92.12. . Trading now at about 93.16, it reached an intraday low of 92.97. As long as support at 91.80 holds, the intraday trend is up.

 

Technicals

CMP -93.27\

Trend

1- Hour chart

Value

 

 

55 EMA

93.09

CMP >value

Bullish

200- EMA

93.082

CMP >value

Bullish

365- EMA

93

CMP >value

Bullish

 

Momentum indicator

Inference

Value

CCI(50)

Bullish

57.81

ADX

Neutral

 

 

It is good to buy on dips around 92.48-50 with SL around 91.80 for a TP of 94.20.

 

 

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