Technical analysis GBPNZD for 20.05.2022
20.05.2022 02:07
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. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.95480. The closest support is the level 1.94940
Key levels
- 1.96500, 1.96030, 1.95480, 1.94940, 1.94200, 1.93670
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.95480, with Take Profit of 1.96030 and Stop Loss of 1.95200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.94940, with Take Profit of 1.94200 and Stop Loss of 1.95200
Scenario
Recommendation
BUY STOP
Entry Point
1.95480
Take Profit
1.96030
Stop Loss
1.95200
Key Levels
1.96500, 1.96030, 1.95480, 1.94940, 1.94200, 1.93670
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.94940
Take Profit
1.94200
Stop Loss
1.95200