Technical analysis for 10.09.2024

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud turned over from descending to ascending. Instrument is traded between Tenkan-se and Kijun-sen lines

Key levels

0.84020, 0.84200, 0.84490, 0.84630, 0.84700

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 0.84300, with Take Profit of 0.84480 and Stop Loss of 0.84200

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 0.84400, with Take Profit of 0.84200 and Stop Loss of 0.84490