Technical analysis AUDJPY for 01.05.2023
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 90.000. The closest resistance is the level 90.425
Key levels
- 90.675, 90.425, 90.000, 89.650, 89.125
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 90.000, with Take Profit of 90.425 and Stop Loss of 89.650
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 89.650, with Take Profit of 89.125 and Stop Loss of 90.000
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.