Technical analysis NZDCHF for 24.06.2022
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 0.60400. The closest resistance is the level 0.60650
Key levels
- 0.61150, 0.60900, 0.60650, 0.60400, 0.60100, 0.59775
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.60400, with Take Profit of 0.60100 and Stop Loss of 0.60650
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.60650, with Take Profit of 0.60900 and Stop Loss of 0.60400
Scenario
Recommendation
SELL STOP
Entry Point
0.60400
Take Profit
0.60100
Stop Loss
0.60650
Key Levels
0.61150, 0.60900, 0.60650, 0.60400, 0.60100, 0.59775
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.60650
Take Profit
0.60900
Stop Loss
0.60400
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.