Technical analysis GBPAUD for 17.05.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.77430. The closest support is the level 1.75940
Key levels
- 1.79190, 1.78170, 1.77430, 1.75940, 1.75390, 1.74450
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.77430, with Take Profit of 1.78170 and Stop Loss of 1.76650
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.75940, with Take Profit of 1.75390 and Stop Loss of 1.76650
Scenario
Recommendation
BUY STOP
Entry Point
1.77430
Take Profit
1.78170
Stop Loss
1.76650
Key Levels
1.79190, 1.78170, 1.77430, 1.75940, 1.75390, 1.74450
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.75940
Take Profit
1.75390
Stop Loss
1.76650
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.