Technical analysis CADCHF for 30.12.2021

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 0.71350. The closest resistance is the lower border of the cloud

Key levels

• 0.73215, 0.72850, 0.72500, 0.72145, 0.71725, 0.71350, 0.71000

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 0.71350, with Take Profit of 0.71725 and Stop Loss of 0.71000

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 0.71725, with Take Profit of 0.72145 and Stop Loss of 0.71350