Technical analysis EURAUD for 05.04.2022
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 resistance is the level 1.45765. The closest support is the level 1.44700
Key levels
- 1.50355, 1.49105, 1.47975, 1.46730, 1.45765, 1.44700, 1.43780, 1.42730
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.45765, with Take Profit of 1.44700 and Stop Loss of 1.46730
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 1.44700, with Take Profit of 1.45765 and Stop Loss of 1.43780