Technical analysis AUDCAD for 31.07.2023
31.07.2023 01:14
Intradía
Técnico
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 resistance is the level 0.88910. The closest support is the level 0.87490
Key levels
- 0.90500, 0.89720, 0.88910, 0.87490, 0.86430
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.88910, with Take Profit of 0.89720 and Stop Loss of 0.88160
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.87490, with Take Profit of 0.86430 and Stop Loss of 0.88160
Guión
Recomendación
BUY STOP
Punto de entrada
0.88910
Take Profit
0.89720
Stop Loss
0.88160
Niveles clave
0.90500, 0.89720, 0.88910, 0.87490, 0.86430
Escenario alternativo
Recomendación
SELL STOP
Punto de entrada
0.87490
Take Profit
0.86430
Stop Loss
0.88160