Technical analysis AUDJPY for 17.05.2023
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 90.675. The closest resistance is the level 90.950
Key levels
- 91.275, 90.950, 90.675, 90.275, 90.000
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 90.950, with Take Profit of 91.275 and Stop Loss of 90.675
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 90.675, with Take Profit of 90.275 and Stop Loss of 90.950
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.