Technical analysis EURCHF for 21.06.2022
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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.01500. The closest resistance is the level 1.02000
Key levels
- 1.03025, 1.02475, 1.02000, 1.01500, 1.01025, 1.00500
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.01500, with Take Profit of 1.01025 and Stop Loss of 1.01750
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.02000, with Take Profit of 1.02475 and Stop Loss of 1.01600
Scenario
Recommendation
SELL STOP
Entry Point
1.01500
Take Profit
1.01025
Stop Loss
1.01750
Key Levels
1.03025, 1.02475, 1.02000, 1.01500, 1.01025, 1.00500
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.02000
Take Profit
1.02475
Stop Loss
1.01600
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.