Technical analysis EURCAD for 24.06.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below 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 1.36725. The closest resistance is the level 1.37200
Key levels
- 1.37725, 1.37200, 1.36725, 1.36325, 1.35800
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.36725, with Take Profit of 1.37200 and Stop Loss of 1.36325
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.36325, with Take Profit of 1.35800 and Stop Loss of 1.36725
Scenario
Recommendation
BUY LIMIT
Entry Point
1.36725
Take Profit
1.37200
Stop Loss
1.36325
Key Levels
1.37725, 1.37200, 1.36725, 1.36325, 1.35800
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.36325
Take Profit
1.35800
Stop Loss
1.36725
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.