NZDJPY formed a double bottom and showed a minor pullback. The uptrend seems to be leaning toward favorability if the 88 support holds.
|
Technicals |
CMP-88.91 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
88.78 |
CMP>value |
Bullish |
|
200- EMA |
90.21 |
CMP <value |
Bearish |
|
365- EMA |
89.30 |
CMP<value |
Bearish |
|
91.20 |
CMP<Value |
Bearish |
Near-term resistance - 89/89.60/90/90.80/91.25/91.80/92/92.30/93.20. Near-term support- 88/87/86.34.
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
52.48 |
|
ADX |
Neutral |
|
It is good to buy on dips around 88.48-50 an SL around 88 for a TP of 90.


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