Technical analysis AUDCHF for 28.06.2023
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 0.59600. The closest resistance is the level 0.59850
Key levels
- 0.60350, 0.60100, 0.59850, 0.59600, 0.59350
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.59600, with Take Profit of 0.59350 and Stop Loss of 0.59850
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.59850, with Take Profit of 0.60100 and Stop Loss of 0.59600
Scenario
Recommendation
SELL STOP
Entry Point
0.59600
Take Profit
0.59350
Stop Loss
0.59850
Key Levels
0.60350, 0.60100, 0.59850, 0.59600, 0.59350
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.59850
Take Profit
0.60100
Stop Loss
0.59600
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.