Technical analysis USDCAD for 08.10.2024
08.10.2024 15:21
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. 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 1.36350. The closest resistance is the level 1.36625
Key levels
- 1.36875, 1.36625, 1.36350, 1.36100, 1.35800
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.36350, with Take Profit of 1.36625 and Stop Loss of 1.36100
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.36100, with Take Profit of 1.35800 and Stop Loss of 1.36350
Scenario
Recommendation
BUY LIMIT
Entry Point
1.36350
Take Profit
1.36625
Stop Loss
1.36100
Key Levels
1.36875, 1.36625, 1.36350, 1.36100, 1.35800
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.36100
Take Profit
1.35800
Stop Loss
1.36350