Technical analysis AUDCHF for 23.08.2022
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 above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.66165. The closest resistance is the level 0.66325
Key levels
- 0.66700, 0.66500, 0.66325, 0.66165, 0.65975
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.66325, with Take Profit of 0.66500 and Stop Loss of 0.66165
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.66165, with Take Profit of 0.65975 and Stop Loss of 0.66325
Scenario
Recommendation
BUY STOP
Entry Point
0.66325
Take Profit
0.66500
Stop Loss
0.66165
Key Levels
0.66700, 0.66500, 0.66325, 0.66165, 0.65975
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.66165
Take Profit
0.65975
Stop Loss
0.66325
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.