Technical analysis AUDUSD for 25.11.2021
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 is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest resistance is the lower border of the cloud
Key levels
- 0.75750, 0.74275, 0.73725, 0.73375, 0.773050, 0.772775, 0.72425, 0.71850, 0.71040
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.72425, with Take Profit of 0.71850 and Stop Loss of 0.72775
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 0.71850, with Take Profit of 0.72425 and Stop Loss of 0.71630
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.