Technical analysis AUDJPY for 07.10.2022
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 ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 92.400. The closest resistance is the level 93.125
Key levels
- 94.500, 93.700, 93.125, 92.400, 91.900, 91.125
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 93.125, with Take Profit of 92.400 and Stop Loss of 93.700
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 93.700, with Take Profit of 94.500 and Stop Loss of 93.125
Scenario
Recommendation
SELL LIMIT
Entry Point
93.125
Take Profit
92.400
Stop Loss
93.700
Key Levels
94.500, 93.700, 93.125, 92.400, 91.900, 91.125
Alternative scenario
Recommendation
BUY STOP
Entry Point
93.700
Take Profit
94.500
Stop Loss
93.125
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.