Technical analysis AUDJPY for 05.01.2023
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 90.820. The closest support is the level 89.620
Key levels
- 92.490, 91.690, 90.820, 89.620, 89.050, 88.380
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 90.820, with Take Profit of 91.690 and Stop Loss of 90.200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 89.620, with Take Profit of 89.050 and Stop Loss of 90.200
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.