Technical analysis AUDCAD for 19.07.2023
19.07.2023 17:11
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. 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 resistance is the level 0.90100. The closest support is the level 0.88350
Key levels
- 0.91990, 0.91000, 0.90100, 0.88350, 0.87480
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.90100, with Take Profit of 0.91000 and Stop Loss of 0.89230
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.88350, with Take Profit of 0.87480 and Stop Loss of 0.89230
Scenario
Recommendation
BUY STOP
Entry Point
0.90100
Take Profit
0.91000
Stop Loss
0.89230
Key Levels
0.91990, 0.91000, 0.90100, 0.88350, 0.87480
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.88350
Take Profit
0.87480
Stop Loss
0.89230