Technical analysis NZDUSD for 09.03.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.6810. The closest resistance is the level 0.6885
Key levels
- 0.6975, 0.6920, 0.6850, 0.6810, 0.6775, 0.6740, 0.6700, 0.6630
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.6850, with Take Profit of 0.6920 and Stop Loss of 0.6810
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.6810, with Take Profit of 0.6740 and Stop Loss of 0.6850
Scenario
Recommendation
BUY STOP
Entry Point
0.6850
Take Profit
0.6920
Stop Loss
0.6810
Key Levels
0.6975, 0.6920, 0.6850, 0.6810, 0.6775, 0.6740, 0.6700, 0.6630
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.6810
Take Profit
0.6740
Stop Loss
0.6850
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.