Technical analysis EURAUD for 26.08.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 1.41825. The closest resistance is the level 1.43250
Key levels
- 1.45175, 1.44200, 1.43250, 1.41825, 1.40300
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.43250, with Take Profit of 1.41825 and Stop Loss of 1.44200
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.44200, with Take Profit of 1.45175 and Stop Loss of 1.43250
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.