Technical analysis AUDJPY for 31.01.2023
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 91.925. Strong resistance is the merged Tenkan-se and Kijun-sen lines
Key levels
- 93.275, 92.650, 91.925, 91.425, 90.925
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 91.925, with Take Profit of 92.650 and Stop Loss of 91.425
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 91.425, with Take Profit of 90.925 and Stop Loss of 91.925
Scenario
Recommendation
BUY LIMIT
Entry Point
91.925
Take Profit
92.650
Stop Loss
91.425
Key Levels
93.275, 92.650, 91.925, 91.425, 90.925
Alternative scenario
Recommendation
SELL STOP
Entry Point
91.425
Take Profit
90.925
Stop Loss
91.925
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.