Technical analysis AUDUSD for 02.05.2022
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 trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.70750. The closest support is the level 0.70100
Key levels
- 0.71820, 0.71260, 0.70750, 0.70100, 0.69590, 0.69090
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.70750, with Take Profit of 0.71260 and Stop Loss of 0.70400
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.70100, with Take Profit of 0.69590 and Stop Loss of 0.70400
Scenario
Recommendation
BUY STOP
Entry Point
0.70750
Take Profit
0.71260
Stop Loss
0.70400
Key Levels
0.71820, 0.71260, 0.70750, 0.70100, 0.69590, 0.69090
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.70100
Take Profit
0.69590
Stop Loss
0.70400
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.