Technical analysis EURCHF for 13.05.2022
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 ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.03700. The closest resistance is the level 1.04300
Key levels
- 1.05575, 1.04900, 1.04300, 1.03700, 1.03150, 1.02700
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.04300, with Take Profit of 1.03700 and Stop Loss of 1.04470
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.04900, with Take Profit of 1.05575 and Stop Loss of 1.04300
Scenario
Recommendation
SELL LIMIT
Entry Point
1.04300
Take Profit
1.03700
Stop Loss
1.04470
Key Levels
1.05575, 1.04900, 1.04300, 1.03700, 1.03150, 1.02700
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.04900
Take Profit
1.05575
Stop Loss
1.04300
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.