Technical analysis EURAUD for 04.05.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud turned over from ascending to descending. Instrument punched the Tenkan-se and Kijun-sen lines from top to bottom. The closest resistance is the level 1.48500. The closest support is the level 1.47910
Key levels
- 1.49780, 1.49160, 1.48500, 1.47910, 1.47460, 1.46800
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.48500, with Take Profit of 1.49160 and Stop Loss of 1.48150
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.47910, with Take Profit of 1.47460 and Stop Loss of 1.48150
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.