Technical analysis USDCAD for 11.12.2023
11.12.2023 16:26
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.35375. The closest resistance is the level 1.35800
Key levels
- 1.36350, 1.36000, 1.35800, 1.35375, 1.35075
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.35800, with Take Profit of 1.35375 and Stop Loss of 1.36000
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.36000, with Take Profit of 1.36350 and Stop Loss of 1.35800
Scenario
Recommendation
SELL LIMIT
Entry Point
1.35800
Take Profit
1.35375
Stop Loss
1.36000
Key Levels
1.36350, 1.36000, 1.35800, 1.35375, 1.35075
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.36000
Take Profit
1.36350
Stop Loss
1.35800