Technical analysis NZDUSD for 05.05.2022
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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.65300. The closest resistance is the level 0.65900
Key levels
- 0.66450, 0.65900, 0.65300, 0.64550, 0.63900, 0.63350
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 0.65900 and Stop Loss of 0.64785
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.64550, with Take Profit of 0.63900 and Stop Loss of 0.64900
Scenario
Recommendation
BUY
Entry Point
Take Profit
0.65900
Stop Loss
0.64785
Key Levels
0.66450, 0.65900, 0.65300, 0.64550, 0.63900, 0.63350
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.64550
Take Profit
0.63900
Stop Loss
0.64900
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.