Technical analysis AUDCHF for 19.07.2023
19.07.2023 01:20
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains 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 0.58250. The closest resistance is the level 0.58500
Key levels
- 0.58925, 0.58700, 0.58500, 0.58250, 0.57975
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.58500, with Take Profit of 0.58250 and Stop Loss of 0.58700
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.58700, with Take Profit of 0.58925 and Stop Loss of 0.58500
Scenario
Recommendation
SELL LIMIT
Entry Point
0.58500
Take Profit
0.58250
Stop Loss
0.58700
Key Levels
0.58925, 0.58700, 0.58500, 0.58250, 0.57975
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.58700
Take Profit
0.58925
Stop Loss
0.58500