Technical analysis EURCHF for 28.10.2022
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 trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.98500. The closest resistance is the level 0.99000
Key levels
- 0.99550, 0.99000, 0.98500, 0.98000, 0.97400
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.98500, with Take Profit of 0.98000 and Stop Loss of 0.99000
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.99000, with Take Profit of 0.99550 and Stop Loss of 0.98500
Scenario
Recommendation
SELL STOP
Entry Point
0.98500
Take Profit
0.98000
Stop Loss
0.99000
Key Levels
0.99550, 0.99000, 0.98500, 0.98000, 0.97400
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.99000
Take Profit
0.99550
Stop Loss
0.98500
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.