Technical analysis for 22.10.2024

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 turned over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively

Key levels

1.30080, 1.30174, 1.30252, 1.30645, 1.31337

Trading scenario

Recommended opening short positions (Sell Limit) from the level of 1.30252, with Take Profit of 1.30080 and Stop Loss of 1.30645

Alternative scenario

Recommended opening long positions (Buy) at the current price, with Take Profit of 1.30252 and Stop Loss of 1.30080