Technical analysis GBPAUD for 03.05.2022
03.05.2022 02:12
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument adjusted to the upper border of the cloud. The closest support is the level 1.7669. The closest resistance is the level 1.7779
Key levels
- 1.7880, 1.7779, 1.7669, 1.7594, 1.7504, 1.7445, 1.7375
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 1.7779 and Stop Loss of 1.7669
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.7669, with Take Profit of 1.7504 and Stop Loss of 1.7779
Scenario
Recommendation
BUY
Entry Point
Take Profit
1.7779
Stop Loss
1.7669
Key Levels
1.7880, 1.7779, 1.7669, 1.7594, 1.7504, 1.7445, 1.7375
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.7669
Take Profit
1.7504
Stop Loss
1.7779