Technical analysis NZDCHF for 26.08.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.59825. The closest resistance is the level 0.59950
Key levels
- 0.60250, 0.60100, 0.59950, 0.59825, 0.59700
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.59825, with Take Profit of 0.59700 and Stop Loss of 0.59950
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.59950, with Take Profit of 0.60100 and Stop Loss of 0.59825
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.