Technical analysis EURCAD for 04.03.2022

04.03.2022 10:55
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 descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.3965. The closest resistance is the level 1.4025

Key levels

  • 1.4305, 1.4225, 1.4145, 1.4095, 1.4025, 1.3965, 1.3885, 1.3775

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 1.4025, with Take Profit of 1.4095 and Stop Loss of 1.3965

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.3965, with Take Profit of 1.3885 and Stop Loss of 1.4025
Guión
Recomendación
BUY STOP

Punto de entrada
1.4025

Take Profit
1.4095

Detener la pérdida de
1.3965

Niveles clave
1.4305, 1.4225, 1.4145, 1.4095, 1.4025, 1.3965, 1.3885, 1.3775
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.3965

Take Profit
1.3885

Detener la pérdida de
1.4025