Technical analysis EURNZD for 03.06.2022
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 descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.63750. The closest resistance is the level 1.64750
Key levels
- 1.66575, 1.65600, 1.64750, 1.63750, 1.62750, 1.61800
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.63750, with Take Profit of 1.62750 and Stop Loss of 1.64750
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.64750, with Take Profit of 1.65600 and Stop Loss of 1.64220
Scenario
Recommendation
SELL STOP
Entry Point
1.63750
Take Profit
1.62750
Stop Loss
1.64750
Key Levels
1.66575, 1.65600, 1.64750, 1.63750, 1.62750, 1.61800
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.64750
Take Profit
1.65600
Stop Loss
1.64220
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.