Technical analysis AUDCAD for 30.08.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.9880. The closest resistance is the level 0.9005
Key levels
- 0.9095, 0.9040, 0.9005, 0.8950, 0.8915, 0.8865
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.9005, with Take Profit of 0.9040 and Stop Loss of 0.8980
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.8980 with Take Profit of 0.8950 and Stop Loss of 0.9005
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.