Technical analysis AUDNZD for 05.10.2022
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 descending. Instrument consolidates at the bottom of the cloud. The closest support is the level 1.1335. The closest resistance is the level 1.1365
Key levels
- 1.1461, 1.1400, 1.1365, 1.1335, 1.1305, 1.1270, 1.1210
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.1365, with Take Profit of 1.1400 and Stop Loss of 1.1335
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.1335, with Take Profit of 1.1270 and Stop Loss of 1.1365
Scenario
Recommendation
BUY STOP
Entry Point
1.1365
Take Profit
1.1400
Stop Loss
1.1335
Key Levels
1.1461, 1.1400, 1.1365, 1.1335, 1.1305, 1.1270, 1.1210
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.1335
Take Profit
1.1270
Stop Loss
1.1365
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.