Technical analysis EURCAD for 22.12.2021
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
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
Scenario
Recommendation
BUY LIMIT
Entry Point
1.45430
Take Profit
1.46260
Stop Loss
1.44725
Key Levels
1.47050, 1.46260, 1.45430, 1.44725, 1.44115, 1.43250, 1.42390, 1.41685
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.45300
Take Profit
1.44725
Stop Loss
1.45740
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.