Technical analysis USDCAD for 14.10.2022
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
Tenkan-sen and Kijun-sen lines are merged. 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 1.3870. The closest resistance is the level 1.3965
Key levels
- 1.4115, 1.3965, 1.3870, 1.3800, 1.3725, 1.3630, 1.3500
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 1.3965 and Stop Loss of 1.3800
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.3800, with Take Profit of 1.3630 and Stop Loss of 1.3870
Scenario
Recommendation
BUY
Entry Point
Take Profit
1.3965
Stop Loss
1.3800
Key Levels
1.4115, 1.3965, 1.3870, 1.3800, 1.3725, 1.3630, 1.3500
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.3800
Take Profit
1.3630
Stop Loss
1.3870
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.