Technical analysis USDCAD for 14.09.2022
14.09.2022 18:06
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is above 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 1.31275. The closest resistance is the level 1.31915
Key levels
- 1.33035, 1.32475, 1.31915, 1.31275, 1.30775, 1.29745
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.31275, with Take Profit of 1.31915 and Stop Loss of 1.30775
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.30775, with Take Profit of 1.29745 and Stop Loss of 1.31275
Scenario
Recommendation
BUY LIMIT
Entry Point
1.31275
Take Profit
1.31915
Stop Loss
1.30775
Key Levels
1.33035, 1.32475, 1.31915, 1.31275, 1.30775, 1.29745
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.30775
Take Profit
1.29745
Stop Loss
1.31275