Technical analysis USDCAD for 07.08.2023

07.08.2023 17:35
Intradía
Técnico

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 support is the level 1.33575. The closest resistance is the level 1.33975

Key levels

  • 1.34200, 1.33975, 1.33575, 1.33375, 1.33125

Trading scenario

  • Recommended opening long positions (Buy Limit) from the level of 1.33575, with Take Profit of 1.33975 and Stop Loss of 1.33375

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.33375, with Take Profit of 1.33125 and Stop Loss of 1.33575

Guión
Recomendación
BUY LIMIT

Punto de entrada
1.33575

Take Profit
1.33975

Stop Loss
1.33375

Niveles clave
1.34200, 1.33975, 1.33575, 1.33375, 1.33125
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.33375

Take Profit
1.33125

Stop Loss
1.33575