Technical analysis EURAUD for 13.04.2022

Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud turned over from descending to ascending. Instrument entered the cloud. The closest resistance is the level 1.45750. The closest support is the level 1.44700

Key levels

• 1.50350, 1.49100, 1.47950, 1.46900, 1.45750, 1.44700, 1.43720, 1.42730

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.45750, with Take Profit of 1.46900 and Stop Loss of 1.45200

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.44700, with Take Profit of 1.43720 and Stop Loss of 1.45200