Technical analysis NZDUSD for 19.05.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above 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 0.6335
Key levels
- 0.6455, 0.6390, 0.6335, 0.6273, 0.6225, 0.6116, 0.6080
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.6273, with Take Profit of 0.6390 and Stop Loss of 0.6225
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 0.6335, with Take Profit of 0.6273 and Stop Loss of 0.6390
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.