Technical analysis AUDUSD for 10.03.2022
10.03.2022 17:47
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward 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 0.7310. The closest resistance is the level 0.7360
Key levels
- 0.7550, 0.7485, 0.7440, 0.7360, 0.7310, 0.7270, 0.7225, 0.7175, 0.7095
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 0.7440 and Stop Loss of 0.7310
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.7310, with Take Profit of 0.7225 and Stop Loss of 0.7360
Scenario
Recommendation
BUY
Entry Point
Take Profit
0.7440
Stop Loss
0.7310
Key Levels
0.7550, 0.7485, 0.7440, 0.7360, 0.7310, 0.7270, 0.7225, 0.7175, 0.7095
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.7310
Take Profit
0.7225
Stop Loss
0.7360