Technical analysis USDCAD for 20.11.2023
20.11.2023 16:10
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. 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 1.36975. The closest resistance is the level 1.37375
Key levels
- 1.37750, 1.37375, 1.36975, 1.36750, 1.36400
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.36975, with Take Profit of 1.37375 and Stop Loss of 1.36750
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.36750, with Take Profit of 1.36400 and Stop Loss of 1.36975
Scenario
Recommendation
BUY LIMIT
Entry Point
1.36975
Take Profit
1.37375
Stop Loss
1.36750
Key Levels
1.37750, 1.37375, 1.36975, 1.36750, 1.36400
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.36750
Take Profit
1.36400
Stop Loss
1.36975