Technical analysis AUDUSD for 18.10.2022
18.10.2022 02:02
Intraday
Technical
The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.6180. The closest resistance is the lower border of the cloud
Key levels
- 0.6830, 0.6665, 0.6480, 0.6400, 0.6300, 0.6180
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 0.6180 and Stop Loss of 0.6380
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.6380, with Take Profit of 0.6480 and Stop Loss of 0.6300
Scenario
Recommendation
SELL
Entry Point
Take Profit
0.6180
Stop Loss
0.6380
Key Levels
0.6830, 0.6665, 0.6480, 0.6400, 0.6300, 0.6180
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.6380
Take Profit
0.6480
Stop Loss
0.6300