Technical analysis AUDJPY for 31.03.2023
31.03.2023 01:13
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 88.825. The closest resistance is the level 89.175
Key levels
- 90.025, 89.625, 89.175, 88.825, 88.425, 87.800
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 89.175, with Take Profit of 89.625 and Stop Loss of 88.825
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 88.825, with Take Profit of 88.425 and Stop Loss of 89.175
Scenario
Recommendation
BUY STOP
Entry Point
89.175
Take Profit
89.625
Stop Loss
88.825
Key Levels
90.025, 89.625, 89.175, 88.825, 88.425, 87.800
Alternative scenario
Recommendation
SELL STOP
Entry Point
88.825
Take Profit
88.425
Stop Loss
89.175