Technical analysis EURAUD for 19.05.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.5020. The closest resistance is the lower border of the cloud
Key levels
- 1.5275, 1.5120, 1.5020, 1.4935, 1.4845, 1.4755, 1.4615
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.5020, with Take Profit of 1.5120 and Stop Loss of 1.4935
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 1.5120, with Take Profit of 1.5020 and Stop Loss of 1.5180
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.