Technical analysis EURCAD for 29.04.2022
29.04.2022 08:51
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.35150. The closest support is the level 1.33850
Key levels
- 1.37600, 1.36000, 1.35150, 1.33850, 1.32650, 1.31200
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.35150, with Take Profit of 1.36000 and Stop Loss of 1.34815
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.33850, with Take Profit of 1.32650 and Stop Loss of 1.34300
Scenario
Recommendation
BUY STOP
Entry Point
1.35150
Take Profit
1.36000
Stop Loss
1.34815
Key Levels
1.37600, 1.36000, 1.35150, 1.33850, 1.32650, 1.31200
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.33850
Take Profit
1.32650
Stop Loss
1.34300