Technical analysis AUDJPY for 18.04.2023
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 89.975. The closest resistance is the level 90.250
Key levels
- 90.675, 90.250, 89.975, 89.600, 89.250
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 90.250, with Take Profit of 90.675 and Stop Loss of 89.975
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 89.975, with Take Profit of 89.600 and Stop Loss of 90.250
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.