Technical analysis USDCAD for 08.02.2022

08.02.2022 17:03
Intradía
Técnico

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ready to roll over from ascending to descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively

Key levels

  • 1.29125, 1.28500, 1.27575, 1.26925, 1.26350, 1.25750, 1.25000, 1.24275

Trading scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.26925, with Take Profit of 1.26350 and Stop Loss of 1.27300

Alternative scenario

  • Recommended opening long positions (Buy Stop) from the level of 1.27575, with Take Profit of 1.28500 and Stop Loss of 1.26925
Guión
Recomendación
SELL STOP

Punto de entrada
1.26925

Take Profit
1.26350

Stop Loss
1.27300

Niveles clave
1.29125, 1.28500, 1.27575, 1.26925, 1.26350, 1.25750, 1.25000, 1.24275
Escenario alternativo
Recomendación
BUY STOP

Punto de entrada
1.27575

Take Profit
1.28500

Stop Loss
1.26925