Technical analysis AUDJPY for 09.08.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 94.490. The closest support is the level 94.100
Key levels
- 95.100, 94.830, 94.490, 94.100, 93.720, 93.300
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 94.490, with Take Profit of 94.830 and Stop Loss of 94.270
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 94.100, with Take Profit of 93.720 and Stop Loss of 94.270
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.