Technical analysis USDCAD for 09.05.2022

09.05.2022 18:22
Intradía
Técnico

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 1.2975. The closest resistance is the level 1.3030

Key levels

  • 1.3095, 1.3030, 1.2975, 1.2945, 1.2910, 1.2865, 1.2815

Trading scenario

  • Recommended opening long positions (Buy) at the current price, with Take Profit of 1.3030 and Stop Loss of 1.2945

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.2910, with Take Profit of 1.2865 and Stop Loss of 1.2945
Guión
Recomendación
BUY

Punto de entrada

Take Profit
1.3030

Stop Loss
1.2945

Niveles clave
1.3095, 1.3030, 1.2975, 1.2945, 1.2910, 1.2865, 1.2815
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.2910

Take Profit
1.2865

Stop Loss
1.2945