Technical analysis EURCAD for 10.03.2022
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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.40950. The closest resistance is the level 1.41850
Key levels
- 1.44300, 1.43450, 1.42750, 1.41850, 1.40950, 1.40330, 1.39300, 1.37950
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.41850, with Take Profit of 1.40950 and Stop Loss of 1.42750
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.42750, with Take Profit of 1.43450 and Stop Loss of 1.42145
Scenario
Recommendation
SELL LIMIT
Entry Point
1.41850
Take Profit
1.40950
Stop Loss
1.42750
Key Levels
1.44300, 1.43450, 1.42750, 1.41850, 1.40950, 1.40330, 1.39300, 1.37950
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.42750
Take Profit
1.43450
Stop Loss
1.42145
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.