Technical analysis EURNZD for 01.06.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below 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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.6375. The closest resistance is the level 1.6475
Key levels
- 1.6795, 1.6650, 1.6560, 1.6475, 1.6375, 1.6275, 1.6180
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 1.6375 and Stop Loss of 1.6556
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.6556, with Take Profit of 1.6650 and Stop Loss of 1.6475
Scenario
Recommendation
SELL
Entry Point
Take Profit
1.6375
Stop Loss
1.6556
Key Levels
1.6795, 1.6650, 1.6560, 1.6475, 1.6375, 1.6275, 1.6180
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.6556
Take Profit
1.6650
Stop Loss
1.6475
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.