Technical analysis NZDCHF for 07.12.2021
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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.63130. The closest support is the level 0.62443
Key levels
- 0.65399, 0.64711, 0.64292, 0.63604, 0.63130, 0.62443, 0.61959, 0.61234
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.61959, with Take Profit of 0.61959 and Stop Loss of 0.62443
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.63604, with Take Profit of 0.64292 and Stop Loss of 0.63130
Scenario
Recommendation
SELL STOP
Entry Point
0.61959
Take Profit
0.61959
Stop Loss
0.62443
Key Levels
0.65399, 0.64711, 0.64292, 0.63604, 0.63130, 0.62443, 0.61959, 0.61234
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.63604
Take Profit
0.64292
Stop Loss
0.63130
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.