Technical analysis USDCAD for 18.01.2022

18.01.2022 16:01
Intradía
Técnico

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. 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 1.25000. The closest resistance is the level 1.25850

Key levels

  • 1.29550, 1.28900, 1.28380, 1.27300, 1.26450, 1.25850, 1.25000, 1.24300

Trading scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.25000, with Take Profit of 1.24300 and Stop Loss of 1.25600

Alternative scenario

  • Recommended opening long positions (Buy Stop) from the level of 1.25850, with Take Profit of 1.26450 and Stop Loss of 1.25350
Guión
Recomendación
SELL STOP

Punto de entrada
1.25000

Take Profit
1.24300

Stop Loss
1.25600

Niveles clave
1.29550, 1.28900, 1.28380, 1.27300, 1.26450, 1.25850, 1.25000, 1.24300
Escenario alternativo
Recomendación
BUY STOP

Punto de entrada
1.25850

Take Profit
1.26450

Stop Loss
1.25350