Technical analysis AUDUSD for 22.11.2021
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
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 turned over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.72710. The closest support is the level 0.71700
Key levels
- 0.7555, 0.7460, 0.7405, 0.7361, 0.7317, 0.7271,0.7170
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.71700, with Take Profit of 0.72710 and Stop Loss of 0.72710
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 0.7271, with Take Profit of 0.7170 and Stop Loss of 0.7170
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.