Technical analysis AUDUSD for 18.10.2022

18.10.2022 02:02
Intradía
Técnico

The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom 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 0.6180. The closest resistance is the lower border of the cloud

Key levels

  • 0.6830, 0.6665, 0.6480, 0.6400, 0.6300, 0.6180

Trading scenario

  • Recommended opening short positions (Sell) at the current price, with Take Profit of 0.6180 and Stop Loss of 0.6380

Alternative scenario

  • Recommended opening long positions (Buy Stop) from the level of 0.6380, with Take Profit of 0.6480 and Stop Loss of 0.6300
Guión
Recomendación
SELL

Punto de entrada

Take Profit
0.6180

Stop Loss
0.6380

Niveles clave
0.6830, 0.6665, 0.6480, 0.6400, 0.6300, 0.6180
Escenario alternativo
Recomendación
BUY STOP

Punto de entrada
0.6380

Take Profit
0.6480

Stop Loss
0.6300