Technical analysis NZDUSD for 14.10.2022
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward 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 0.57090. The closest support is the level 0.55980
Key levels
- 0.58570, 0.58000, 0.57090, 0.55980, 0.55070, 0.54240
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.57090, with Take Profit of 0.58000 and Stop Loss of 0.56450
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.55980, with Take Profit of 0.55070 and Stop Loss of 0.56450
Scenario
Recommendation
BUY STOP
Entry Point
0.57090
Take Profit
0.58000
Stop Loss
0.56450
Key Levels
0.58570, 0.58000, 0.57090, 0.55980, 0.55070, 0.54240
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.55980
Take Profit
0.55070
Stop Loss
0.56450
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.