Technical analysis NZDCHF for 20.01.2022
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 support is the level 0.61950. The closest resistance is the level 0.62300
Key levels
- 0.63250, 0.62925, 0.62625, 0.62300, 0.61950, 0.61525, 0.61150
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.61950, with Take Profit of 0.62300 and Stop Loss of 0.61785
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.61785, with Take Profit of 0.61525 and Stop Loss of 0.61950
Scenario
Recommendation
BUY LIMIT
Entry Point
0.61950
Take Profit
0.62300
Stop Loss
0.61785
Key Levels
0.63250, 0.62925, 0.62625, 0.62300, 0.61950, 0.61525, 0.61150
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.61785
Take Profit
0.61525
Stop Loss
0.61950
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.