Technical analysis USDCAD for 20.11.2024
20.11.2024 17:49
Intraday
Technical
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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.39926. The closest resistance is the level 1.40141
Key levels
1.39731, 1.39926, 1.40141, 1.40359, 1.40574
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 1.39926, with Take Profit of 1.40574 and Stop Loss of 1.39731
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 1.40141, with Take Profit of 1.39731 and Stop Loss of 1.40574
Scenario
Recommendation
BUY LIMIT
Entry Point
1.39926
Take Profit
1.40574
Stop Loss
1.39731
Key Levels
1.39731, 1.39926, 1.40141, 1.40359, 1.40574
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
1.40141
Take Profit
1.39731
Stop Loss
1.40574