Technical analysis AUDJPY for 03.06.2022
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 ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 93.925. The closest resistance is the level 94.650
Key levels
- 95.450, 94.650, 93.925, 93.125, 92.200
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 94.650, with Take Profit of 95.450 and Stop Loss of 93.925
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 93.925, with Take Profit of 93.125 and Stop Loss of 94.650
Scenario
Recommendation
BUY STOP
Entry Point
94.650
Take Profit
95.450
Stop Loss
93.925
Key Levels
95.450, 94.650, 93.925, 93.125, 92.200
Alternative scenario
Recommendation
SELL STOP
Entry Point
93.925
Take Profit
93.125
Stop Loss
94.650
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.