Technical analysis USDCAD for 14.06.2022
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 ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.29200. The closest resistance is the level 1.29675
Key levels
- 1.30200, 1.29675, 1.29200, 1.28800, 1.28300
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.29200, with Take Profit of 1.29675 and Stop Loss of 1.28800
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.28800, with Take Profit of 1.28300 and Stop Loss of 1.29200
Scenario
Recommendation
BUY LIMIT
Entry Point
1.29200
Take Profit
1.29675
Stop Loss
1.28800
Key Levels
1.30200, 1.29675, 1.29200, 1.28800, 1.28300
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.28800
Take Profit
1.28300
Stop Loss
1.29200
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.