Technical analysis for 22.10.2024
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively
Key levels
1.30080, 1.30174, 1.30252, 1.30645, 1.31337
Trading scenario
Recommended opening short positions (Sell Limit) from the level of 1.30252, with Take Profit of 1.30080 and Stop Loss of 1.30645
Alternative scenario
Recommended opening long positions (Buy) at the current price, with Take Profit of 1.30252 and Stop Loss of 1.30080
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.