Technical analysis NZDJPY for 04.10.2022
04.10.2022 01:20
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. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 82.225. The closest resistance is the level 82.675
Key levels
- 84.550, 83.450, 82.675, 82.225, 81.375
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 82.675, with Take Profit of 83.450 and Stop Loss of 82.225
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 82.225, with Take Profit of 81.375 and Stop Loss of 82.675
Scenario
Recommendation
BUY STOP
Entry Point
82.675
Take Profit
83.450
Stop Loss
82.225
Key Levels
84.550, 83.450, 82.675, 82.225, 81.375
Alternative scenario
Recommendation
SELL STOP
Entry Point
82.225
Take Profit
81.375
Stop Loss
82.675