Technical analysis EURCHF for 02.06.2022
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 1.02590
Key levels
- 1.03560, 1.03280, 1.03000, 1.02590, 1.02370, 1.02050
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.03000, with Take Profit of 1.03280 and Stop Loss of 1.02750
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.02590, with Take Profit of 1.02370 and Stop Loss of 1.02750
Scenario
Recommendation
BUY STOP
Entry Point
1.03000
Take Profit
1.03280
Stop Loss
1.02750
Key Levels
1.03560, 1.03280, 1.03000, 1.02590, 1.02370, 1.02050
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.02590
Take Profit
1.02370
Stop Loss
1.02750
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.