Technical analysis AUDNZD for 21.10.2022
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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.1050. The closest resistance is the level 1.1120
Key levels
- 1.1255, 1.1191, 1.1155, 1.1120, 1.1050, 1.1025, 1.0985
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 1.1120 and Stop Loss of 1.1025
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.1025, with Take Profit of 1.09885 and Stop Loss of 1.1050
Scenario
Recommendation
BUY
Entry Point
Take Profit
1.1120
Stop Loss
1.1025
Key Levels
1.1255, 1.1191, 1.1155, 1.1120, 1.1050, 1.1025, 1.0985
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.1025
Take Profit
1.09885
Stop Loss
1.1050
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.