Technical analysis EURCAD for 22.12.2021

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.45430. The closest resistance is the level 1.46260

Key levels

• 1.47050, 1.46260, 1.45430, 1.44725, 1.44115, 1.43250, 1.42390, 1.41685

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1.45430, with Take Profit of 1.46260 and Stop Loss of 1.44725

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.45300, with Take Profit of 1.44725 and Stop Loss of 1.45740