Technical analysis NZDUSD for 16.05.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below 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 0.6273. The closest resistance is the level 0.6225
Key levels
- 0.6455, 0.6390, 0.6335, 0.6273, 0.6225, 0.6160, 0.6080
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 0.6273 and Stop Loss of 0.6225
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.6225, with Take Profit of 0.6160 and Stop Loss of 0.6273
Scenario
Recommendation
BUY
Entry Point
Take Profit
0.6273
Stop Loss
0.6225
Key Levels
0.6455, 0.6390, 0.6335, 0.6273, 0.6225, 0.6160, 0.6080
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.6225
Take Profit
0.6160
Stop Loss
0.6273
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.