Technical analysis EURAUD for 05.04.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.45765. The closest support is the level 1.44700
Key levels
- 1.50355, 1.49105, 1.47975, 1.46730, 1.45765, 1.44700, 1.43780, 1.42730
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.45765, with Take Profit of 1.44700 and Stop Loss of 1.46730
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 1.44700, with Take Profit of 1.45765 and Stop Loss of 1.43780
Scenario
Recommendation
SELL LIMIT
Entry Point
1.45765
Take Profit
1.44700
Stop Loss
1.46730
Key Levels
1.50355, 1.49105, 1.47975, 1.46730, 1.45765, 1.44700, 1.43780, 1.42730
Alternative scenario
Recommendation
BUY LIMIT
Entry Point
1.44700
Take Profit
1.45765
Stop Loss
1.43780
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.