Technical analysis NZDUSD for 28.01.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below 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 0.6500. The closest resistance is the level 0.6570
Key levels
- 0.6891, 0.6840, 0.6787, 0.6735, 0.6690, 0.6625, 0.6570, 0.6500, 0.6435
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.6570, with Take Profit of 0.6500 and Stop Loss of 0.6625
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 0.6500, with Take Profit of 0.6570 and Stop Loss of 0.6435
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.