Technical analysis EURUSD for 29.08.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above 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 below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.9910. The closest resistance is the level 0.9990
Key levels
- 1.0200, 1.0090, 0.9990, 0.9910, 0.9800, 0.9715
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.9910, with Take Profit of 0.9800 and Stop Loss of 0.9990
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.9990, with Take Profit of 1.0090 and Stop Loss of 0.9910
Scenario
Recommendation
SELL STOP
Entry Point
0.9910
Take Profit
0.9800
Stop Loss
0.9990
Key Levels
1.0200, 1.0090, 0.9990, 0.9910, 0.9800, 0.9715
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.9990
Take Profit
1.0090
Stop Loss
0.9910
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.