Technical analysis EURCAD for 29.12.2021
The Tenkan-sen line is located below the Kijun-sen line. Red is directed up, while blue is directed down. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed up, while blue is directed down. 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 1.45356. The closest support is the level 1.44666
Key levels
- 1.46130, 1.45356, 1.44666, 1.44034, 1.43464, 1.42749, 1.42258, 1.41721
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.45356, with Take Profit of 1.46130 and Stop Loss of 1.44666
Alternative scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 1.44666 and Stop Loss of 1.45356
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.