Technical analysis EURNZD for 12.01.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.67157. The closest resistance is the level 1.67754
Key levels
- 1.69000, 1.68352, 1.67754, 1.67157, 1.66608, 1.66165, 1.65588, 1.65052
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.67157, with Take Profit of 1.67754 and Stop Loss of 1.66608
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.66608, with Take Profit of 1.66165 and Stop Loss of 1.67060
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.