Technical analysis CHFJPY for 30.10.2023
30.10.2023 01:55
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. 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 166.720. The closest support is the level 165.100
Key levels
- 168.200, 167.550, 166.720, 165.100, 164.270, 163.220
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 166.720, with Take Profit of 167.550 and Stop Loss of 165.950
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 165.100, with Take Profit of 164.270 and Stop Loss of 165.950
Scenario
Recommendation
BUY STOP
Entry Point
166.720
Take Profit
167.550
Stop Loss
165.950
Key Levels
168.200, 167.550, 166.720, 165.100, 164.270, 163.220
Alternative scenario
Recommendation
SELL STOP
Entry Point
165.100
Take Profit
164.270
Stop Loss
165.950