Technical analysis USDCAD for 16.05.2022
16.05.2022 18:54
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 ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.28810. The closest resistance is the level 1.29300
Key levels
- 1.30500, 1.30000, 1.29300, 1.28810, 1.28150, 1.27675
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.28810, with Take Profit of 1.28150 and Stop Loss of 1.29300
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.29300, with Take Profit of 1.30000 and Stop Loss of 1.28810
Scenario
Recommendation
SELL STOP
Entry Point
1.28810
Take Profit
1.28150
Stop Loss
1.29300
Key Levels
1.30500, 1.30000, 1.29300, 1.28810, 1.28150, 1.27675
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.29300
Take Profit
1.30000
Stop Loss
1.28810