Technical analysis NZDUSD for 24.01.2022
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart
Tenkan-sen and Kijun-sen lines are merged. 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 below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.6700. The closest resistance is the level 0.6760
Key levels
- 0.6890, 0.6820, 0.6760, 0.6700, 0.6630, 0.6580, 0.6510
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.6760, with Take Profit of 0.6820 and Stop Loss of 0.6700
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.6700, with Take Profit of 0.6580 and Stop Loss of 0.6760
Scenario
Recommendation
BUY STOP
Entry Point
0.6760
Take Profit
0.6820
Stop Loss
0.6700
Key Levels
0.6890, 0.6820, 0.6760, 0.6700, 0.6630, 0.6580, 0.6510
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.6700
Take Profit
0.6580
Stop Loss
0.6760
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.