Technical analysis NZDCHF for 26.08.2022
26.08.2022 01:44
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.59825. The closest resistance is the level 0.59950
Key levels
- 0.60250, 0.60100, 0.59950, 0.59825, 0.59700
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.59825, with Take Profit of 0.59700 and Stop Loss of 0.59950
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.59950, with Take Profit of 0.60100 and Stop Loss of 0.59825
Scenario
Recommendation
SELL STOP
Entry Point
0.59825
Take Profit
0.59700
Stop Loss
0.59950
Key Levels
0.60250, 0.60100, 0.59950, 0.59825, 0.59700
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.59950
Take Profit
0.60100
Stop Loss
0.59825