Technical analysis AUDJPY for 08.02.2023
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 trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 91.000. The closest resistance is the level 91.450
Key levels
- 92.050, 91.450, 91.000, 90.500, 89.850
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 91.000, with Take Profit of 90.500 and Stop Loss of 91.450
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 91.450, with Take Profit of 92.050 and Stop Loss of 91.000
Scenario
Recommendation
SELL STOP
Entry Point
91.000
Take Profit
90.500
Stop Loss
91.450
Key Levels
92.050, 91.450, 91.000, 90.500, 89.850
Alternative scenario
Recommendation
BUY STOP
Entry Point
91.450
Take Profit
92.050
Stop Loss
91.000
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.