Technical analysis NZDUSD for 20.09.2023
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 above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.59275. The closest resistance is the level 0.59500
Key levels
- 0.59700, 0.59500, 0.59275, 0.59075, 0.58850
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.59275, with Take Profit of 0.59500 and Stop Loss of 0.59075
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.59075, with Take Profit of 0.58850 and Stop Loss of 0.59275
Scenario
Recommendation
BUY LIMIT
Entry Point
0.59275
Take Profit
0.59500
Stop Loss
0.59075
Key Levels
0.59700, 0.59500, 0.59275, 0.59075, 0.58850
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.59075
Take Profit
0.58850
Stop Loss
0.59275
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.