Technical analysis EURCAD for 09.06.2022
09.06.2022 09:03
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.3490. The closest resistance is the lower border of the cloud
Key levels
- 1.3770, 1.3680, 1.3625, 1.3580, 1.3530, 1.3480, 1.3390
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 1.3380 and Stop Loss of 1.3530
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.3530, with Take Profit of 1.3580 and Stop Loss of 1.3480
Scenario
Recommendation
SELL
Entry Point
Take Profit
1.3380
Stop Loss
1.3530
Key Levels
1.3770, 1.3680, 1.3625, 1.3580, 1.3530, 1.3480, 1.3390
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.3530
Take Profit
1.3580
Stop Loss
1.3480