Technical analysis USDCAD for 25.10.2023
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
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 1.37775. The closest resistance is the level 1.38300
Key levels
- 1.38600, 1.38300, 1.37775, 1.37475, 1.37000
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.37775, with Take Profit of 1.38300 and Stop Loss of 1.37475
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.37475, with Take Profit of 1.37000 and Stop Loss of 1.37775
Nikolai Krishtopov es analista de mercado en Investizo, con más de 15 años de experiencia en el sector de los mercados financieros y más de una década de experiencia operando. Sus áreas de interés incluyen los mercados de forex y criptomonedas, el análisis técnico, el trading intradía y el comportamiento del mercado.