Technical analysis NZDUSD for 08.02.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains 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 support is the level 0.66275. The closest resistance is the level 0.66675
Key levels
- 0.68825, 0.68300, 0.67975, 0.67475, 0.67075, 0.66675,0.66275, 0.65850, 0.65375
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.66275, with Take Profit of 0.66675 and Stop Loss of 0.66025
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.65850, with Take Profit of 0.65375 and Stop Loss of 0.66275
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.