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EUR/NZD: ICHIMOKU INDICATORS ANALYSIS

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EUR/NZD: ICHIMOKU INDICATORS ANALYSIS
Scenario
TimeframeIntraday
RecommendationBUY
Entry Point1.8182
Take Profit1.8304
Stop Loss1.8144
Key Levels1.8144, 1.8155, 1.8252, 1.8304
EUR/NZD: ICHIMOKU INDICATORS ANALYSIS

Let's look at the four-hour chart. Tenkan-sen line is below Kijun-sen, both lines are directed downwards. Confirmative line Chikou Span is below the price chart, current cloud is ascending. The instrument has entered the cloud. The closest support level is the lower border of the cloud (1.8155). The closest resistance level is the lower border of the cloud (1.8252).


EUR/NZD: ICHIMOKU INDICATORS ANALYSIS

On the daily chart Tenkan-sen line is above Kijun-sen, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is above the price chart, current cloud is ascending. The instrument is trading between Tenkan-sen and Kijun-sen lines. The closest support level is Kijun-sen line (1.8144). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.8304).


On the four-hour chart the instrument is trading within the cloud. On the daily chart the Bullish trend is still strong. It is recommended to open long positions at current price with Take Profit at the level of previous maximum of Chikou Span (1.8304) line and Stop Loss at the level of Kijun-sen line (1.8144).


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