Technical analysis EURNZD for 29.09.2022
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains 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 1.69200. The closest resistance is the level 1.70725
Key levels
- 1.72500, 1.70725, 1.69200, 1.68000, 1.66950
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.70725, with Take Profit of 1.72500 and Stop Loss of 1.69200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.69200, with Take Profit of 1.68000 and Stop Loss of 1.69505
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.