Technical analysis NZDUSD for 28.07.2022
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 ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.62500. The closest resistance is the level 0.63050
Key levels
- 0.63600, 0.63050, 0.62500, 0.62175, 0.61750
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.62500, with Take Profit of 0.63050 and Stop Loss of 0.62175
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.62175, with Take Profit of 0.61750 and Stop Loss of 0.62500
Scenario
Recommendation
BUY LIMIT
Entry Point
0.62500
Take Profit
0.63050
Stop Loss
0.62175
Key Levels
0.63600, 0.63050, 0.62500, 0.62175, 0.61750
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.62175
Take Profit
0.61750
Stop Loss
0.62500
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.