Technical analysis GBPNZD for 04.05.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above 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 resistance is the level 1.94790. The closest support is the level 1.93700
Key levels
- 1.96620, 1.95610, 1.94790, 1.93700, 1.92760, 1.91930
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.94790, with Take Profit of 1.95610 and Stop Loss of 1.94200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.93700, with Take Profit of 1.92760 and Stop Loss of 1.94200
Scenario
Recommendation
BUY STOP
Entry Point
1.94790
Take Profit
1.95610
Stop Loss
1.94200
Key Levels
1.96620, 1.95610, 1.94790, 1.93700, 1.92760, 1.91930
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.93700
Take Profit
1.92760
Stop Loss
1.94200
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.