Technical analysis EURCHF for 04.04.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above 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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.0185. The closest resistance is the level 1.0240
Key levels
- 1.0400, 1.0300, 1.0240, 1.0185, 1.0142, 1.0080, 0.9975
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.0240, with Take Profit of 1.0142 and Stop Loss of 1.0300
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 1.0142, with Take Profit of 1.0240 and Stop Loss of 1.0080
Scenario
Recommendation
SELL LIMIT
Entry Point
1.0240
Take Profit
1.0142
Stop Loss
1.0300
Key Levels
1.0400, 1.0300, 1.0240, 1.0185, 1.0142, 1.0080, 0.9975
Alternative scenario
Recommendation
BUY LIMIT
Entry Point
1.0142
Take Profit
1.0240
Stop Loss
1.0080
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.