Technical analysis EURCHF for 20.05.2022
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 trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.03000. The closest support is the level 1.02600
Key levels
- 1.04300, 1.03600, 1.03000, 1.02600, 1.02250, 1.01650
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.03000, with Take Profit of 1.03600 and Stop Loss of 1.03245
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.02600, with Take Profit of 1.02250 and Stop Loss of 1.03245
Scenario
Recommendation
BUY STOP
Entry Point
1.03000
Take Profit
1.03600
Stop Loss
1.03245
Key Levels
1.04300, 1.03600, 1.03000, 1.02600, 1.02250, 1.01650
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.02600
Take Profit
1.02250
Stop Loss
1.03245
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.