Technical analysis EURAUD for 04.10.2022
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 1.50975. The closest resistance is the level 1.52275
Key levels
- 1.55800, 1.53950, 1.52275, 1.50975, 1.49575
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.52275, with Take Profit of 1.53950 and Stop Loss of 1.50975
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 1.50975, with Take Profit of 1.49575 and Stop Loss of 1.51490
Scenario
Recommendation
BUY STOP
Entry Point
1.52275
Take Profit
1.53950
Stop Loss
1.50975
Key Levels
1.55800, 1.53950, 1.52275, 1.50975, 1.49575
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
1.50975
Take Profit
1.49575
Stop Loss
1.51490
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.