Technical analysis EURCHF for 20.10.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.98150. The closest resistance is the level 0.98950
Key levels
- 0.99600, 0.98950, 0.98150, 0.97550, 0.96850
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.98150, with Take Profit of 0.98950 and Stop Loss of 0.97550
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.97550, with Take Profit of 0.96850 and Stop Loss of 0.98150
Scenario
Recommendation
BUY LIMIT
Entry Point
0.98150
Take Profit
0.98950
Stop Loss
0.97550
Key Levels
0.99600, 0.98950, 0.98150, 0.97550, 0.96850
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.97550
Take Profit
0.96850
Stop Loss
0.98150
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.