Technical analysis AUDJPY for 25.07.2022
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 ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 94.000. The closest resistance is the level 94.250
Key levels
- 94.900, 94.500, 94.250, 94.000, 93.700
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 94.250, with Take Profit of 94.000 and Stop Loss of 94.500
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 94.500, with Take Profit of 94.900 and Stop Loss of 94.250
Scenario
Recommendation
SELL LIMIT
Entry Point
94.250
Take Profit
94.000
Stop Loss
94.500
Key Levels
94.900, 94.500, 94.250, 94.000, 93.700
Alternative scenario
Recommendation
BUY STOP
Entry Point
94.500
Take Profit
94.900
Stop Loss
94.250
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.