Technical analysis GBPNZD for 17.05.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.95480. The closest support is the level 1.94940
Key levels
- 1.96500, 1.96030, 1.95480, 1.94940, 1.94200, 1.93670
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.95480, with Take Profit of 1.96030 and Stop Loss of 1.95200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.94940, with Take Profit of 1.94200 and Stop Loss of 1.95200