Technical analysis EURCHF for 26.04.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.03000. The closest support is the level 1.02250
Key levels
- 1.04300, 1.03600, 1.03000, 1.02250, 1.01650, 1.00900
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.03000, with Take Profit of 1.03600 and Stop Loss of 1.02625
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.02250, with Take Profit of 1.01650 and Stop Loss of 1.02625
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.