Technical analysis NZDUSD for 15.02.2022
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 turned over from ascending to descending. Instrument adjusted to the upper border of the cloud. The closest support is the level 0.6625. The closest resistance is the level 0.6690
Key levels
- 0.6891, 0.6840, 0.6787, 0.6735, 0.6690, 0.6625, 0.6570, 0.6500,
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 0.6690 and Stop Loss of 0.6570
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 0.6690, with Take Profit of 0.6625 and Stop Loss of 0.6735
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.