Technical analysis EURCHF for 06.06.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud turned over from descending to ascending. Instrument adjusted to the upper border of the cloud. The closest support is the level 1.0300. The closest resistance is the level 1.0360
Key levels
- 1.0475, 1.0415, 1.0360, 1.0300, 1.0248, 1.0195
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.0360, with Take Profit of 1.0415 and Stop Loss of 1.0320
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.0300, with Take Profit of 1.0195 and Stop Loss of 1.0360
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.