Technical analysis EURAUD for 30.05.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ready to roll over from ascending to descending. Instrument consolidates at the bottom of the cloud. The closest resistance is the level 1.51050. The closest support is the level 1.49400
Key levels
- 1.54150, 1.52700, 1.51050, 1.49400, 1.47890, 1.45990
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.51050, with Take Profit of 1.52700 and Stop Loss of 1.50300
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.49400, with Take Profit of 1.47890 and Stop Loss of 1.50300