Technical analysis GBPAUD for 28.03.2023
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.84600. The closest resistance is the level 1.86225
Key levels
- 1.89150, 1.87700, 1.86225, 1.84600, 1.83100, 1.81100
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.84600, with Take Profit of 1.86225 and Stop Loss of 1.83100
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.83100, with Take Profit of 1.81100 and Stop Loss of 1.84600
Scenario
Recommendation
BUY LIMIT
Entry Point
1.84600
Take Profit
1.86225
Stop Loss
1.83100
Key Levels
1.89150, 1.87700, 1.86225, 1.84600, 1.83100, 1.81100
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.83100
Take Profit
1.81100
Stop Loss
1.84600
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.