Technical analysis EURCHF for 22.07.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.99250. The closest support is the level 0.98320
Key levels
- 1.00230, 0.99750, 0.99250, 0.98320, 0.97870, 0.97420
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.99250
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.98320
Scenario
Recommendation
BUY STOP
Entry Point
0.99250
Take Profit
0.99750
Key Levels
1.00230, 0.99750, 0.99250, 0.98320, 0.97870, 0.97420
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.98320
Take Profit
0.97870
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.