Technical analysis EURCHF for 11.02.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.0550. The closest resistance is the level 1.0600
Key levels
- 1.0720, 1.0640, 1.0600, 1.0550, 1.0510, 1.0460, 1.0415, 1.0360, 1.0300
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.0550, with Take Profit of 1.0600 and Stop Loss of 1.0510
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 1.0600, with Take Profit of 1.0550 and Stop Loss of 1.0640
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.