Technical analysis AUDUSD for 12.10.2022
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 is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.62050. The closest resistance is the level 0.62775
Key levels
- 0.64900, 0.63850, 0.62775, 0.62050, 0.60600
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.62050, with Take Profit of 0.60600 and Stop Loss of 0.62775
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.62775, with Take Profit of 0.63850 and Stop Loss of 0.62050
Scenario
Recommendation
SELL STOP
Entry Point
0.62050
Take Profit
0.60600
Stop Loss
0.62775
Key Levels
0.64900, 0.63850, 0.62775, 0.62050, 0.60600
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.62775
Take Profit
0.63850
Stop Loss
0.62050
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.