Technical analysis AUDUSD for 09.10.2024
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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
Key levels
- 0.66458, 0.66918, 0.67790, 0.68210, 0.69409
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.66918, with Take Profit of 0.68210 and Stop Loss of 0.66458
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 0.68210, with Take Profit of 0.66458 and Stop Loss of 0.69409
Scenario
Recommendation
BUY LIMIT
Entry Point
0.66918
Take Profit
0.68210
Stop Loss
0.66458
Key Levels
0.66458, 0.66918, 0.67790, 0.68210, 0.69409
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
0.68210
Take Profit
0.66458
Stop Loss
0.69409
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.