Technical analysis AUDJPY for 05.09.2022
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 ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 95.325. The closest resistance is the level 95.700
Key levels
- 96.100, 95.700, 95.325, 95.025, 94.725
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 95.325, with Take Profit of 95.700 and Stop Loss of 95.025
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 95.025, with Take Profit of 94.725 and Stop Loss of 95.100
Scenario
Recommendation
BUY LIMIT
Entry Point
95.325
Take Profit
95.700
Stop Loss
95.025
Key Levels
96.100, 95.700, 95.325, 95.025, 94.725
Alternative scenario
Recommendation
SELL STOP
Entry Point
95.025
Take Profit
94.725
Stop Loss
95.100
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.