Technical analysis CADCHF for 09.03.2022
09.03.2022 10:36
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 0.72250. The closest resistance is the level 0.72475
Key levels
- 0.73250, 0.72925, 0.72700, 0.72475, 0.72250, 0.72000, 0.71775
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 0.72475, with Take Profit of 0.72250 and Stop Loss of 0.72700
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 0.72700, with Take Profit of 0.72925 and Stop Loss of 0.72585
Scenario
Recommendation
SELL LIMIT
Entry Point
0.72475
Take Profit
0.72250
Stop Loss
0.72700
Key Levels
0.73250, 0.72925, 0.72700, 0.72475, 0.72250, 0.72000, 0.71775
Alternative scenario
Recommendation
BUY STOP
Entry Point
0.72700
Take Profit
0.72925
Stop Loss
0.72585