Technical analysis NZDUSD for 31.01.2023
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 ascending. Instrument corrected to the Tenkan-se line. The closest resistance is the level 0.65030. The closest support is the level 0.64140
Key levels
- 0.66150, 0.65530, 0.65030, 0.64140, 0.63720, 0.63270
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.65030, with Take Profit of 0.65530 and Stop Loss of 0.64600
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.64140, with Take Profit of 0.63720 and Stop Loss of 0.64600
Scenario
Recommendation
BUY STOP
Entry Point
0.65030
Take Profit
0.65530
Stop Loss
0.64600
Key Levels
0.66150, 0.65530, 0.65030, 0.64140, 0.63720, 0.63270
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.64140
Take Profit
0.63720
Stop Loss
0.64600
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.