Technical analysis NZDCHF for 07.12.2021
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.63130. The closest support is the level 0.62443
Key levels
- 0.65399, 0.64711, 0.64292, 0.63604, 0.63130, 0.62443, 0.61959, 0.61234
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 0.61959, with Take Profit of 0.61959 and Stop Loss of 0.62443
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.63604, with Take Profit of 0.64292 and Stop Loss of 0.63130