Technical analysis CHFJPY for 22.02.2024
22.02.2024 00:43
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. 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 resistance is the level 170.725. The closest resistance is the level 171.300
Key levels
- 171.800, 171.300, 170.724, 170.425, 169,925
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 170.725, with Take Profit of 171.300 and Stop Loss of 170.425
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 170.425, with Take Profit of 169,925 and Stop Loss of 170.725
Scenario
Recommendation
BUY LIMIT
Entry Point
170.725
Take Profit
171.300
Stop Loss
170.425
Key Levels
171.800, 171.300, 170.724, 170.425, 169,925
Alternative scenario
Recommendation
SELL STOP
Entry Point
170.425
Take Profit
169,925
Stop Loss
170.725