Technical analysis EURNZD for 24.12.2021
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 below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.65458. The closest resistance is the level 1.66317
Key levels
- 1.68333, 1.67611, 1.66939, 1.66317, 1.65458, 1.64773, 1.64238, 1.63549, 1.62657
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.65458, with Take Profit of 1.64773 and Stop Loss of 1.66100
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.66939, with Take Profit of 1.67611 and Stop Loss of 1.66317
Scenario
Recommendation
SELL STOP
Entry Point
1.65458
Take Profit
1.64773
Stop Loss
1.66100
Key Levels
1.68333, 1.67611, 1.66939, 1.66317, 1.65458, 1.64773, 1.64238, 1.63549, 1.62657
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.66939
Take Profit
1.67611
Stop Loss
1.66317
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.