Technical analysis EURCAD for 29.04.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.35150. The closest support is the level 1.33850

Key levels

• 1.37600, 1.36000, 1.35150, 1.33850, 1.32650, 1.31200

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1.35150, with Take Profit of 1.36000 and Stop Loss of 1.34815

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1.33850, with Take Profit of 1.32650 and Stop Loss of 1.34300