Technical analysis AUDJPY for 16.11.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above 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 93.850. The closest resistance is the level 94.100
Key levels
- 94.350, 94.100, 93.850, 93.600, 93.300
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 93.850, with Take Profit of 94.100 and Stop Loss of 93.600
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 93.600, with Take Profit of 93.300 and Stop Loss of 93.850
Scenario
Recommendation
BUY LIMIT
Entry Point
93.850
Take Profit
94.100
Stop Loss
93.600
Key Levels
94.350, 94.100, 93.850, 93.600, 93.300
Alternative scenario
Recommendation
SELL STOP
Entry Point
93.600
Take Profit
93.300
Stop Loss
93.850
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.