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
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
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.