Technical analysis AUDJPY for 19.07.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 94.520. The closest support is the level 93.650
Key levels
- 96.110, 95.270, 94.520, 93.650, 93.260, 92.650
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 94.520, with Take Profit of 95.270 and Stop Loss of 94.100
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 93.650, with Take Profit of 93.260 and Stop Loss of 94.100
Scenario
Recommendation
BUY STOP
Entry Point
94.520
Take Profit
95.270
Stop Loss
94.100
Key Levels
96.110, 95.270, 94.520, 93.650, 93.260, 92.650
Alternative scenario
Recommendation
SELL STOP
Entry Point
93.650
Take Profit
93.260
Stop Loss
94.100
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.