Technical analysis NZDCHF for 03.12.2021
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. 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. The closest resistance is the level 0.62450. The closest support is the level 0.61950
Key levels
- 0.65375, 0.64700, 0.64275, 0.63600, 0.63125, 0.62450, 0.61950, 0.61225
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.62450, with Take Profit of 0.61950 and Stop Loss of 0.63125
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.63125, with Take Profit of 0.63600 and Stop Loss of 0.62450
Scenario
Recommendation
SELL LIMIT
Entry Point
0.62450
Take Profit
0.61950
Stop Loss
0.63125
Key Levels
0.65375, 0.64700, 0.64275, 0.63600, 0.63125, 0.62450, 0.61950, 0.61225
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.63125
Take Profit
0.63600
Stop Loss
0.62450
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.