Technical analysis GBPAUD for 31.08.2022
31.08.2022 02:13
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below 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 1.69425. The closest resistance is the level 1.70265
Key levels
- 1.71200, 1.70265, 1.69425, 1.68500, 1.67050
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.69425, with Take Profit of 1.68500 and Stop Loss of 1.70265
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.70265, with Take Profit of 1.71200 and Stop Loss of 1.69425
Scenario
Recommendation
SELL STOP
Entry Point
1.69425
Take Profit
1.68500
Stop Loss
1.70265
Key Levels
1.71200, 1.70265, 1.69425, 1.68500, 1.67050
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.70265
Take Profit
1.71200
Stop Loss
1.69425