Technical analysis EURCHF for 03.03.2022
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 1.01450. The closest resistance is the level 1.02150
Key levels
- 1.05175, 1.04500, 1.03825, 1.03150, 1.02600, 1.02150, 1.01450, 1.00850
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.02150, with Take Profit of 1.01450 and Stop Loss of 1.02600
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.02600, with Take Profit of 1.03150 and Stop Loss of 1.02150
Scenario
Recommendation
SELL LIMIT
Entry Point
1.02150
Take Profit
1.01450
Stop Loss
1.02600
Key Levels
1.05175, 1.04500, 1.03825, 1.03150, 1.02600, 1.02150, 1.01450, 1.00850
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.02600
Take Profit
1.03150
Stop Loss
1.02150
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.