Technical analysis AUDJPY for 20.10.2022
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 is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 93.575. The closest resistance is the level 94.075
Key levels
- 95.150, 94.625, 94.075, 93.575, 92.900
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 94.075, with Take Profit of 94.625 and Stop Loss of 93.575
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 93.575, with Take Profit of 92.900 and Stop Loss of 94.075
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.