Technical analysis AUDUSD for 07.02.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument adjusted to the upper border of the cloud. The closest support is the level 0.7100. The closest resistance is the level 0.7145
Key levels
- 0.7310, 0.7230, 0.7180, 0.7145, 0.7100, 0.7055, 0.6975
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.7100, with Take Profit of 0.7145 and Stop Loss of 0.7055
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 0.7145, with Take Profit of 0.7100 and Stop Loss of 0.7180
Scenario
Recommendation
BUY STOP
Entry Point
0.7100
Take Profit
0.7145
Stop Loss
0.7055
Key Levels
0.7310, 0.7230, 0.7180, 0.7145, 0.7100, 0.7055, 0.6975
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
0.7145
Take Profit
0.7100
Stop Loss
0.7180
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.