Technical analysis AUDJPY for 20.06.2022
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 94.230. The closest support is the level 93.620
Key levels
- 95.500, 94.830, 94.230, 93.620, 93.130, 91.700
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 94.230, with Take Profit of 94.830 and Stop Loss of 93.900
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 93.620, with Take Profit of 93.130 and Stop Loss of 93.900
Scenario
Recommendation
BUY STOP
Entry Point
94.230
Take Profit
94.830
Stop Loss
93.900
Key Levels
95.500, 94.830, 94.230, 93.620, 93.130, 91.700
Alternative scenario
Recommendation
SELL STOP
Entry Point
93.620
Take Profit
93.130
Stop Loss
93.900
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.