Technical analysis for 24.05.2023
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below the Kijun-sen line. 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 resistance is the level 76.65. The closest support is the level 71.80
Key levels
- 81.90, 79.00, 76.65, 71.80, 70.00, 67.90
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 76.65, with Take Profit of 79.00 and Stop Loss of 74.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 71.80, with Take Profit of 70.00 and Stop Loss of 74.00
Scenario
Recommendation
BUY STOP
Entry Point
76.65
Take Profit
79.00
Stop Loss
74.00
Key Levels
81.90, 79.00, 76.65, 71.80, 70.00, 67.90
Alternative scenario
Recommendation
SELL STOP
Entry Point
71.80
Take Profit
70.00
Stop Loss
74.00
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.