Technical analysis CADJPY for 15.04.2022
15.04.2022 17:09
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. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 99.250. The closest resistance is the level 100.325
Key levels
- 102.425, 101.400, 100.325, 99.250, 98.200, 97.100
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 100.325, with Take Profit of 101.400 and Stop Loss of 99.250
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 99.250, with Take Profit of 98.200 and Stop Loss of 99.595
Scenario
Recommendation
BUY STOP
Entry Point
100.325
Take Profit
101.400
Stop Loss
99.250
Key Levels
102.425, 101.400, 100.325, 99.250, 98.200, 97.100
Alternative scenario
Recommendation
SELL STOP
Entry Point
99.250
Take Profit
98.200
Stop Loss
99.595