Technical analysis EURAUD for 11.05.2022
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 support is the top of the cloud. The closest resistance is the lower border of the cloud
Key levels
- 1.5565, 1.5375, 1.5185, 1.5105, 1.4945, 1.4835, 1.4565
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.5185, with Take Profit of 1.5375 and Stop Loss of 1.5105
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.5105, with Take Profit of 1.4945 and Stop Loss of 1.5185
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.