Technical analysis AUDJPY for 11.11.2022
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 below the Tenkan-se and Kijun-sen lines. The closest support is the level 93.300. The closest resistance is the level 93.750
Key levels
- 94.900, 94.350, 93.750, 93.300, 92.700
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 93.300, with Take Profit of 92.700 and Stop Loss of 93.750
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 93.750, with Take Profit of 94.350 and Stop Loss of 93.300
Scenario
Recommendation
SELL STOP
Entry Point
93.300
Take Profit
92.700
Stop Loss
93.750
Key Levels
94.900, 94.350, 93.750, 93.300, 92.700
Alternative scenario
Recommendation
BUY STOP
Entry Point
93.750
Take Profit
94.350
Stop Loss
93.300
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.