Technical analysis GBPAUD for 11.07.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.76630. The closest support is the level 1.75520
Key levels
- 1.77420, 1.76990, 1.76630, 1.75520, 1.75050, 1.74540
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.76630, with Take Profit of 1.76990 and Stop Loss of 1.76000
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.75520, with Take Profit of 1.75050 and Stop Loss of 1.76000
Scenario
Recommendation
BUY STOP
Entry Point
1.76630
Take Profit
1.76990
Stop Loss
1.76000
Key Levels
1.77420, 1.76990, 1.76630, 1.75520, 1.75050, 1.74540
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.75520
Take Profit
1.75050
Stop Loss
1.76000
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.