Technical analysis EURCAD for 30.03.2022

30.03.2022 11:24
Intradía
Técnico

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. 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 resistance is the lower border of the cloud. The closest support is the level 1.38555

Key levels

  • 1.40920, 1.40000, 1.39250, 1.38555, 1.37870, 1.37055

Trading scenario

  • Recommended opening long positions (Buy) at the current price, with Take Profit of 1.39250 and Stop Loss of 1.38555

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.38555, with Take Profit of 1.37870 and Stop Loss of 1.39100
Guión
Recomendación
BUY

Punto de entrada

Take Profit
1.39250

Stop Loss
1.38555

Niveles clave
1.40920, 1.40000, 1.39250, 1.38555, 1.37870, 1.37055
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.38555

Take Profit
1.37870

Stop Loss
1.39100