Technical analysis GBPAUD for 21.04.2022
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 ascending. Instrument adjusted to the upper border of the cloud. The closest resistance is the level 1.75940. The closest support is the level 1.75040
Key levels
- 1.77790, 1.76690, 1.75940, 1.75040, 1.74450, 1.73750
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.75940, with Take Profit of 1.76690 and Stop Loss of 1.75500
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.75040, with Take Profit of 1.74450 and Stop Loss of 1.75500
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.