Technical analysis NZDUSD for 03.10.2024
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines
Key levels
- 0.59769, 0.61240, 0.62332, 0.62919, 0.63785
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.62332, with Take Profit of 0.63785 and Stop Loss of 0.61240
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 0.62919, with Take Profit of 0.59769 and Stop Loss of 0.63785
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.