Technical analysis EURAUD for 07.04.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.4470. The closest resistance is the level 1.4575
Key levels
- 1.5035, 1.4910, 1.4795, 1.4690, 1.4575, 1.4470, 1.4350, 1.4273
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.4470, with Take Profit of 1.4350 and Stop Loss of 1.4575
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.4575, with Take Profit of 1.4690 and Stop Loss of 1.4470
Scenario
Recommendation
SELL STOP
Entry Point
1.4470
Take Profit
1.4350
Stop Loss
1.4575
Key Levels
1.5035, 1.4910, 1.4795, 1.4690, 1.4575, 1.4470, 1.4350, 1.4273
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.4575
Take Profit
1.4690
Stop Loss
1.4470
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.