Technical analysis AUDCAD for 26.05.2022
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 and resistance levels are Kijun-sen and Tenkan-se, respectively. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively
Key levels
- 0.92050, 0.91500, 0.90975, 0.90500, 0.90125, 0.89750
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.90975, with Take Profit of 0.91500 and Stop Loss of 0.90500
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.90500, with Take Profit of 0.90125 and Stop Loss of 0.90835
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.