Technical analysis EURAUD for 18.04.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.46900. The closest support is the level 1.45750

Key levels

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

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.46900, with Take Profit of 1.47950 and Stop Loss of 1.46400

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.45750, with Take Profit of 1.44700 and Stop Loss of 1.46400