Technical analysis GBPNZD for 12.09.2022
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
Tenkan-sen and Kijun-sen lines are merged. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument corrected to the Tenkan-se line. The closest resistance is the level 1.90460. The closest support is the level 1.89710
Key levels
- 1.91280, 1.90950, 1.90460, 1.89710, 1.89320, 1.88920
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.90460, with Take Profit of 1.90950 and Stop Loss of 1.90100
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.89710, with Take Profit of 1.89320 and Stop Loss of 1.90100
Scenario
Recommendation
BUY STOP
Entry Point
1.90460
Take Profit
1.90950
Stop Loss
1.90100
Key Levels
1.91280, 1.90950, 1.90460, 1.89710, 1.89320, 1.88920
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.89710
Take Profit
1.89320
Stop Loss
1.90100
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.