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NZDJPY Bullish Setup: Buy Dips at 94.50 as Uptrend Holds Above All Key EMAs

NZDJPY trades flat after hitting a high of 95.08.  If the 94 support  holds, the uptrend appears to be trending toward favorability.

 

Technicals

CMP -94.88

Trend

1- Hour chart

Value

 

 

55 EMA

93.65

CMP>value

Bullish

200- EMA

93.04

CMP >value

Bullish

365- EMA

92.98

CMP>value

Bullish

  1. EMA

92.38

CMP>Value

Bullish

 Near-term resistance - 95.10/95.50/96.25/97. Near-term support-93.70/93.30/93/ 92.60/92/ 91/90.50/89.

Momentum indicator

Inference

Value

CCI(50)

Bullish

145.93

ADX

Bullish

Strength increased from 50.63 to 53.60

 It is good to buy on dips around 94.48-50 with an SL around 93.50, for a TP of 97.

 

 

,BHJUY  5R  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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