Technical analysis AUDJPY for 20.09.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed up, while blue is directed down. 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 96.720. The closest support is the level 96.130
Key levels
- 97.550, 97.060, 96.720, 96.130, 95.750, 95.330
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 96.720, with Take Profit of 97.060 and Stop Loss of 96.400
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 96.130, with Take Profit of 95.750 and Stop Loss of 96.400
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.