Technical analysis NZDUSD for 02.05.2022
02.05.2022 18:17
Intraday
Technical
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 is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.64550. The closest support is the level 0.63900
Key levels
- 0.65900, 0.65300, 0.64550, 0.63900, 0.63350, 0.62730
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.64550, with Take Profit of 0.65300 and Stop Loss of 0.64200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.63900, with Take Profit of 0.63350 and Stop Loss of 0.64200
Scenario
Recommendation
BUY STOP
Entry Point
0.64550
Take Profit
0.65300
Stop Loss
0.64200
Key Levels
0.65900, 0.65300, 0.64550, 0.63900, 0.63350, 0.62730
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.63900
Take Profit
0.63350
Stop Loss
0.64200