Technicals

Add as a preferred source on Google

Yen Roars Back: Sell AUDJPY Rallies to 109.30, Eye 106 Target

AUDJPY pared most of its gains as the yen gained momentum. It hits an intraday low of92.69 and is currently trading around 108.82. Technicals CMP -108.83 Trend 1- Hour chart Value 55 EMA 109.56 CMP is less than value Bea…

1 min read
Yen Roars Back: Sell AUDJPY Rallies to 109.30, Eye 106 Target
Image from the original EconoTimes article

Read the original article

AUDJPY pared most of its gains as the yen gained momentum.  It hits an intraday low of92.69 and is currently trading around 108.82.

Technicals

CMP -108.83

Trend

1- Hour chart

Value

 

 

55 EMA

109.56

CMP is less than value

Bearish

200- EMA

109.14

CMP is less than value

Bearish

365- EMA

108.43

CMP is more than value

Bullish

 

Major support- 108/106.85/106.

 

Momentum indicator

Inference

Value

CCI(50)

below zero line (bearish)

-94

ADX

Bearish

Strength     40.86

 

It is good to sell on rallies around 109.28-30 with SL around 110 for a TP of 106.

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560