Technical analysis AUDUSD for 08.12.2021
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument entered the cloud. The closest support is the level 0.7080. The closest resistance is the level 0.7140
Key levels
- 0.7370, 0.7281, 0.7230, 0.7171, 0.7140, 0.7080, 0.7030, 0.6990
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.7171, with Take Profit of 0.7230 and Stop Loss of 0.7140
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 0.7080, with Take Profit of 0.7140 and Stop Loss of 0.7030
Scenario
Recommendation
BUY STOP
Entry Point
0.7171
Take Profit
0.7230
Stop Loss
0.7140
Key Levels
0.7370, 0.7281, 0.7230, 0.7171, 0.7140, 0.7080, 0.7030, 0.6990
Alternative scenario
Recommendation
BUY LIMIT
Entry Point
0.7080
Take Profit
0.7140
Stop Loss
0.7030
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.