Technical analysis EURCHF for 24.10.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 resistance is the level 0.98720. The closest support is the level 0.97890
Key levels
- 0.99880, 0.99360, 0.98720, 0.97890, 0.97270, 0.96820
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.98720, with Take Profit of 0.99360 and Stop Loss of 0.98200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.97890, with Take Profit of 0.97270 and Stop Loss of 0.98200
Scenario
Recommendation
BUY STOP
Entry Point
0.98720
Take Profit
0.99360
Stop Loss
0.98200
Key Levels
0.99880, 0.99360, 0.98720, 0.97890, 0.97270, 0.96820
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.97890
Take Profit
0.97270
Stop Loss
0.98200
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.