Technical analysis AUDUSD for 11.08.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 is the level 0.7080. The closest resistance is the level 0.7135
Key levels
- 0.7225, 0.7135, 0.7080, 0.7040, 0.6990, 0.6940, 0.6850
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 0.7135 and Stop Loss of 0.7040
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.7040, with Take Profit of 0.6990 and Stop Loss of 0.7080
Scenario
Recommendation
BUY
Entry Point
Take Profit
0.7135
Stop Loss
0.7040
Key Levels
0.7225, 0.7135, 0.7080, 0.7040, 0.6990, 0.6940, 0.6850
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.7040
Take Profit
0.6990
Stop Loss
0.7080
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.