Technical analysis USDCAD for 22.09.2022
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 1.34700. The closest resistance is the level 1.35550
Key levels
- 1.37170, 135550, 1.34700, 1.33700, 1.32850, 1.31850
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.35550, with Take Profit of 1.37170 and Stop Loss of 1.34700
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.34700, with Take Profit of 1.33700 and Stop Loss of 1.35550
Scenario
Recommendation
BUY STOP
Entry Point
1.35550
Take Profit
1.37170
Stop Loss
1.34700
Key Levels
1.37170, 135550, 1.34700, 1.33700, 1.32850, 1.31850
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.34700
Take Profit
1.33700
Stop Loss
1.35550
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.