Technical analysis GBPNZD for 24.05.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 1.9420. The closest resistance is the level 1.9494
Key levels
- 1.9650, 1.9603, 1.9548, 1.9494, 1.9420, 1.9367, 1.9300
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.9494, with Take Profit of 1.9442 and Stop Loss of 1.9548
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 1.9420, with Take Profit of 1.9494 and Stop Loss of 1.9367
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.