Technical analysis NZDJPY for 28.10.2022
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 85.075. The closest resistance is the level 85.500
Key levels
- 86.050, 85.500, 85.075, 84.700, 84.275
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 85.075, with Take Profit of 85.500 and Stop Loss of 84.700
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 84.700, with Take Profit of 84.275 and Stop Loss of 85.075
Scenario
Recommendation
BUY LIMIT
Entry Point
85.075
Take Profit
85.500
Stop Loss
84.700
Key Levels
86.050, 85.500, 85.075, 84.700, 84.275
Alternative scenario
Recommendation
SELL STOP
Entry Point
84.700
Take Profit
84.275
Stop Loss
85.075
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.