Technical analysis EURAUD for 03.12.2021
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above 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 1.60300. The closest support is the level 1.58975
Key levels
- 1.61825, 1.61150, 1.60300, 1.58975, 1.57950, 1.56800, 1.55650, 1.53525
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.58975, with Take Profit of 1.60300 and Stop Loss of 1.57950
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.61150, with Take Profit of 1.61825 and Stop Loss of 1.60300
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.