Technical analysis USDCAD for 12.12.2022
12.12.2022 17:43
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains 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 resistance is the level 1.37190. The closest support is the level 1.35700
Key levels
- 1.39220, 1.38220, 1.37190, 1.35700, 1.34840, 1.34010
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.37190, with Take Profit of 1.38220 and Stop Loss of 1.36450
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.35700, with Take Profit of 1.34840 and Stop Loss of 1.36450
Scenario
Recommendation
BUY STOP
Entry Point
1.37190
Take Profit
1.38220
Stop Loss
1.36450
Key Levels
1.39220, 1.38220, 1.37190, 1.35700, 1.34840, 1.34010
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.35700
Take Profit
1.34840
Stop Loss
1.36450