Technical analysis EURCHF for 29.09.2022
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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.94350. The closest resistance is the level 0.94875
Key levels
- 0.96050, 0.95425, 0.94875, 0.94350, 0.93725
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.94875, with Take Profit of 0.94350 and Stop Loss of 0.95030
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.95425, with Take Profit of 0.96050 and Stop Loss of 0.94875
Scenario
Recommendation
SELL LIMIT
Entry Point
0.94875
Take Profit
0.94350
Stop Loss
0.95030
Key Levels
0.96050, 0.95425, 0.94875, 0.94350, 0.93725
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.95425
Take Profit
0.96050
Stop Loss
0.94875
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.