Technical analysis EURCHF for 20.09.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above 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 0.96980. The closest support is the level 0.96500
Key levels
- 0.97700, 0.97270, 0.96980, 0.96500, 0.96150, 0.95850
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.96980, with Take Profit of 0.97270 and Stop Loss of 0.96750
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.96500, with Take Profit of 0.96150 and Stop Loss of 0.96750
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.