Technical analysis GBPAUD for 27.10.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument corrected to the Tenkan-se line. The closest resistance is the level 1.79920. The closest support is the level 1.78260
Key levels
- 1.81580, 1.80730, 1.79920, 1.78260, 1.77030, 1.76340
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.79920, with Take Profit of 1.80730 and Stop Loss of 1.79100
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.78260, with Take Profit of 1.77030 and Stop Loss of 1.79100
Scenario
Recommendation
BUY STOP
Entry Point
1.79920
Take Profit
1.80730
Stop Loss
1.79100
Key Levels
1.81580, 1.80730, 1.79920, 1.78260, 1.77030, 1.76340
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.78260
Take Profit
1.77030
Stop Loss
1.79100
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.