Technical analysis EURCAD for 12.04.2022
12.04.2022 09:16
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument entered the cloud. The closest support is the level 1.3735. The closest resistance is the level 1.3785
Key levels
- 1.3980, 1.3885, 1.3825, 1.3785, 1.3735, 1.3670, 1.3585
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.3735, with Take Profit of 1.3670 and Stop Loss of 1.3785
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.3785, with Take Profit of 1.3885 and Stop Loss of 1.3735
Scenario
Recommendation
SELL STOP
Entry Point
1.3735
Take Profit
1.3670
Stop Loss
1.3785
Key Levels
1.3980, 1.3885, 1.3825, 1.3785, 1.3735, 1.3670, 1.3585
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.3785
Take Profit
1.3885
Stop Loss
1.3735