Technical analysis AUDJPY for 10.03.2023
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 89.650. The closest resistance is the level 89.800
Key levels
- 90.200, 90.000, 89.800, 89.650, 89.400, 89.150
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 89.650, with Take Profit of 89.400 and Stop Loss of 89.800
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 89.800, with Take Profit of 90.000 and Stop Loss of 89.650
Scenario
Recommendation
SELL STOP
Entry Point
89.650
Take Profit
89.400
Stop Loss
89.800
Key Levels
90.200, 90.000, 89.800, 89.650, 89.400, 89.150
Alternative scenario
Recommendation
BUY STOP
Entry Point
89.800
Take Profit
90.000
Stop Loss
89.650
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.