Technical analysis EURCAD for 13.12.2021

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 1.44880. The closest support is the level 1.44100

Key levels

• 1.45525. 1.44880, 1.44100, 1.43625, 1.43290, 1.42850, 1.42390, 1.41680

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 1.44880 and Stop Loss of 1.43625

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.44880, with Take Profit of 1.45525 and Stop Loss of 1.44620