Technical analysis USDCAD for 13.06.2023
13.06.2023 17:21
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 support is the level 1.33000. The closest resistance is the level 1.33350
Key levels
- 1.34100, 1.33725, 1.33350, 1.33000, 1.32700
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.33000, with Take Profit of 1.32700 and Stop Loss of 1.33265
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.33350, with Take Profit of 1.33725 and Stop Loss of 1.33000
Scenario
Recommendation
SELL STOP
Entry Point
1.33000
Take Profit
1.32700
Stop Loss
1.33265
Key Levels
1.34100, 1.33725, 1.33350, 1.33000, 1.32700
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.33350
Take Profit
1.33725
Stop Loss
1.33000