Technical analysis NZDCHF for 06.01.2022
The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Both lines are directed downward. 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 support is the level 0.6170. The closest resistance is the level 0.6200
Key levels
- 0.6352, 0.6315, 0.6280, 0.6260, 0.6240, 0.6225, 0.6200, 0.6170, 0.6140
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 0.6170 and Stop Loss of 0.6210
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 0.6170, with Take Profit of 0.6200 and Stop Loss of 0.6140
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.