Technical analysis AUDNZD for 31.05.2022
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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.09575. The closest resistance is the level 1.09725
Key levels
- 1.10075, 1.09900, 1.09725, 1.09575, 1.09425, 1.09250
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.09575, with Take Profit of 1.09425 and Stop Loss of 1.09725
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.09725, with Take Profit of 1.09900 and Stop Loss of 1.09575
Scenario
Recommendation
SELL STOP
Entry Point
1.09575
Take Profit
1.09425
Stop Loss
1.09725
Key Levels
1.10075, 1.09900, 1.09725, 1.09575, 1.09425, 1.09250
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.09725
Take Profit
1.09900
Stop Loss
1.09575
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.