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NZDJPY Extremely Bullish Above 94: Broad NZD Buying Fuels Fresh Upside – Buy Dips at 93.70 Targeting 95 
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NZDJPY recovered after a gap-down opening after escalation of tension between US and Iran. It hits an intraday low of 92.91 and is currently trading around 93.46. Intraday trend is bullish as long as support at 91.80 holds
|
Technicals |
CMP -93.47 |
Trend |
|
|
1- Hour chart |
Value |
|
|
|
55 EMA |
93.39 |
CMP >value |
Bullish |
|
200- EMA |
93.07 |
CMP > value |
Bullish |
|
365- EMA |
92.96 |
CMP >value |
Bullish |
|
Momentum indicator |
Inference |
Value |
|
CCI(50) |
Bullish |
46.52 |
|
ADX |
Neutral |
Strength improved from 30.55 to 32.32 |
It is good to buy on dips around 93 with SL around 91.90 for a TP of 95
