Technical analysis AUDJPY for 07.06.2023
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 92.927. The closest resistance is the level 93.475
Key levels
- 93.850, 93.475, 92.927, 92.650, 92.300
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 92.927, with Take Profit of 93.475 and Stop Loss of 92.650
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 92.650, with Take Profit of 92.300 and Stop Loss of 92.927
Scenario
Recommendation
BUY LIMIT
Entry Point
92.927
Take Profit
93.475
Stop Loss
92.650
Key Levels
93.850, 93.475, 92.927, 92.650, 92.300
Alternative scenario
Recommendation
SELL STOP
Entry Point
92.650
Take Profit
92.300
Stop Loss
92.927
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.