Technical analysis AUDJPY for 04.07.2022
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 support is the level 91.825. The closest resistance is the level 92.200
Key levels
- 93.650, 93.150, 92.650, 92.200, 91.825, 91.450
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 91.825, with Take Profit of 91.450 and Stop Loss of 92.200
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 92.200, with Take Profit of 92.650 and Stop Loss of 91.825
Scenario
Recommendation
SELL STOP
Entry Point
91.825
Take Profit
91.450
Stop Loss
92.200
Key Levels
93.650, 93.150, 92.650, 92.200, 91.825, 91.450
Alternative scenario
Recommendation
BUY STOP
Entry Point
92.200
Take Profit
92.650
Stop Loss
91.825
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.