Technical analysis EURCHF for 07.07.2022
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 0.98775. The closest resistance is the level 0.99250
Key levels
- 1.00225, 0.99750, 0.99250, 0.98775, 0.98325, 0.97875
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.98775, with Take Profit of 0.98325 and Stop Loss of 0.99250
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.99250, with Take Profit of 0.99750 and Stop Loss of 0.98775
Scenario
Recommendation
SELL STOP
Entry Point
0.98775
Take Profit
0.98325
Stop Loss
0.99250
Key Levels
1.00225, 0.99750, 0.99250, 0.98775, 0.98325, 0.97875
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.99250
Take Profit
0.99750
Stop Loss
0.98775
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.