Technical analysis GBPNZD for 21.04.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is ascending. Instrument pierced the Tenkan-se and Kijun-sen lines from bottom to top. The closest resistance is the level 1.93250. The closest support is the level 1.92300
Key levels
- 1.94970, 1.94200, 1.93250, 1.92300, 1.91400, 1.90525
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.93250, with Take Profit of 1.94200 and Stop Loss of 1.92700
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.92300, with Take Profit of 1.91400 and Stop Loss of 1.92700
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.