Technical analysis EURNZD for 27.12.2021
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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.6535. The closest resistance is the level 1.6640
Key levels
- 1.7050, 1.6910, 1.6770, 1.6640, 1.6535, 1.6440,1.6350, 1.6245, 1.6065
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 1.6535 and Stop Loss of 1.6770
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 1.6770, with Take Profit of 1.6910 and Stop Loss of 1.6680
Scenario
Recommendation
SELL
Entry Point
Take Profit
1.6535
Stop Loss
1.6770
Key Levels
1.7050, 1.6910, 1.6770, 1.6640, 1.6535, 1.6440,1.6350, 1.6245, 1.6065
Alternative scenario
Recommendation
BUY LIMIT
Entry Point
1.6770
Take Profit
1.6910
Stop Loss
1.6680
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.