Technical analysis AUDNZD for 18.05.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.10450. The closest resistance is the level 1.11000
Key levels
- 1.11700, 1.11000, 1.10450, 1.10000, 1.09425, 1.08850
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.10450, with Take Profit of 1.11000 and Stop Loss of 1.10000
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.10000, with Take Profit of 1.09425 and Stop Loss of 1.10450
Scenario
Recommendation
BUY LIMIT
Entry Point
1.10450
Take Profit
1.11000
Stop Loss
1.10000
Key Levels
1.11700, 1.11000, 1.10450, 1.10000, 1.09425, 1.08850
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.10000
Take Profit
1.09425
Stop Loss
1.10450
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.