Technical analysis NZDUSD for 11.11.2022
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
Tenkan-sen and Kijun-sen lines are merged. Both lines are directed upwards. 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 0.59825. The closest resistance is the level 0.60250
Key levels
- 0.60750, 0.60250, 0.59825, 0.59400, 0.58950
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.60250, with Take Profit of 0.60750 and Stop Loss of 0.59825
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.59825, with Take Profit of 0.59400 and Stop Loss of 0.60250
Scenario
Recommendation
BUY STOP
Entry Point
0.60250
Take Profit
0.60750
Stop Loss
0.59825
Key Levels
0.60750, 0.60250, 0.59825, 0.59400, 0.58950
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.59825
Take Profit
0.59400
Stop Loss
0.60250
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.