Technical analysis NZDUSD for 03.10.2024
03.10.2024 02:43
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 crosses from top to bottom the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines
Key levels
- 0.59769, 0.61240, 0.62332, 0.62919, 0.63785
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 0.62332, with Take Profit of 0.63785 and Stop Loss of 0.61240
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 0.62919, with Take Profit of 0.59769 and Stop Loss of 0.63785
Scenario
Recommendation
BUY LIMIT
Entry Point
0.62332
Take Profit
0.63785
Stop Loss
0.61240
Key Levels
0.59769, 0.61240, 0.62332, 0.62919, 0.63785
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
0.62919
Take Profit
0.59769
Stop Loss
0.63785