Technical analysis USDCAD for 17.12.2021
17.12.2021 10:12
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.2771. The closest resistance is the level 1.2810
Key levels
- 1.2935, 1.2858, 1.2810, 1.2771, 1.2732, 1.2685, 1.2607
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.2771, with Take Profit of 1.2732 and Stop Loss of 1.2790
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 1.2810, with Take Profit of 1.2858 and Stop Loss of 1.2790
Scenario
Recommendation
SELL LIMIT
Entry Point
1.2771
Take Profit
1.2732
Stop Loss
1.2790
Key Levels
1.2935, 1.2858, 1.2810, 1.2771, 1.2732, 1.2685, 1.2607
Alternative scenario
Recommendation
BUY LIMIT
Entry Point
1.2810
Take Profit
1.2858
Stop Loss
1.2790