Technical analysis GBPAUD for 04.11.2022
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 resistance is the level 1.78260. The closest support is the level 1.77030
Key levels
- 1.79920, 1.79090, 1.78260, 1.77030, 1.76340, 1.75680
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.78260, with Take Profit of 1.79090 and Stop Loss of 1.77650
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.77030, with Take Profit of 1.76340 and Stop Loss of 1.77650
Scenario
Recommendation
BUY STOP
Entry Point
1.78260
Take Profit
1.79090
Stop Loss
1.77650
Key Levels
1.79920, 1.79090, 1.78260, 1.77030, 1.76340, 1.75680
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.77030
Take Profit
1.76340
Stop Loss
1.77650
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.