Technical analysis AUDUSD for 31.12.2021
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively
Key levels
- 0.73700, 0.72810, 0.72215, 0.71784, 0.71285, 0.70800, 0.70300, 0.69900, 0.69200
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.72215, with Take Profit of 0.72810 and Stop Loss of 0.71784
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.71784, with Take Profit of 0.71285 and Stop Loss of 0.72215
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.