Technical analysis EURAUD for 28.11.2022
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 ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.54300. The closest resistance is the level 1.54550
Key levels
- 1.55275, 1.54900, 1.54550, 1.54300, 1.53825
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.54550, with Take Profit of 1.54900 and Stop Loss of 1.54300
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.54300, with Take Profit of 1.53825 and Stop Loss of 1.54550
Scenario
Recommendation
BUY STOP
Entry Point
1.54550
Take Profit
1.54900
Stop Loss
1.54300
Key Levels
1.55275, 1.54900, 1.54550, 1.54300, 1.53825
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.54300
Take Profit
1.53825
Stop Loss
1.54550
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.