Technical analysis NZDUSD for 25.07.2022
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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.62375. The closest resistance is the level 0.62650
Key levels
- 0.62900, 0.62650, 0.62375, 0.62125, 0.61900
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.62375, with Take Profit of 0.62650 and Stop Loss of 0.62125
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.62125, with Take Profit of 0.61900 and Stop Loss of 0.62350
Scenario
Recommendation
BUY LIMIT
Entry Point
0.62375
Take Profit
0.62650
Stop Loss
0.62125
Key Levels
0.62900, 0.62650, 0.62375, 0.62125, 0.61900
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.62125
Take Profit
0.61900
Stop Loss
0.62350
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.