Technical analysis CHFJPY for 27.12.2023
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above 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 is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 167.550. The closest support is the level 166.120
Key levels
- 168.800, 168.200, 167.550, 166.120, 165.380, 164.630
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 167.550, with Take Profit of 168.200 and Stop Loss of 166.800
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 166.120, with Take Profit of 165.380 and Stop Loss of 166.800
Scenario
Recommendation
BUY STOP
Entry Point
167.550
Take Profit
168.200
Stop Loss
166.800
Key Levels
168.800, 168.200, 167.550, 166.120, 165.380, 164.630
Alternative scenario
Recommendation
SELL STOP
Entry Point
166.120
Take Profit
165.380
Stop Loss
166.800
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.