Technical analysis EURCHF for 25.08.2022
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 trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.96620. The closest support is the level 0.96170
Key levels
- 0.97360, 0.96945, 0.96620, 0.96170, 0.95830, 0.95420
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.96620, with Take Profit of 0.96945 and Stop Loss of 0.96400
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.96170, with Take Profit of 0.95830 and Stop Loss of 0.96400
Scenario
Recommendation
BUY STOP
Entry Point
0.96620
Take Profit
0.96945
Stop Loss
0.96400
Key Levels
0.97360, 0.96945, 0.96620, 0.96170, 0.95830, 0.95420
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.96170
Take Profit
0.95830
Stop Loss
0.96400
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.