Technical analysis EURAUD for 04.05.2023

04.05.2023 00:36
Intradía
Técnico

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed 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 1.65650. The closest resistance is the level 1.66450

Key levels

  • 1.67400, 1.66450, 1.65650, 1.64900, 1.63825

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 1.66450, with Take Profit of 1.67400 and Stop Loss of 1.65650

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.64900, with Take Profit of 1.63825 and Stop Loss of 1.65650
Guión
Recomendación
BUY STOP

Punto de entrada
1.66450

Take Profit
1.67400

Stop Loss
1.65650

Niveles clave
1.67400, 1.66450, 1.65650, 1.64900, 1.63825
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.64900

Take Profit
1.63825

Stop Loss
1.65650