Technical analysis USDCAD for 12.05.2022

12.05.2022 18:52
Intradía
Técnico

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. 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 1.3000. The closest resistance is the level 1.3050

Key levels

  • 1.3126, 1.3222, 1.3050, 1.3000, 1.2930, 1.2881, 1.2815

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 1.3050, with Take Profit of 1.3112 and Stop Loss of 1.3000

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.3000, with Take Profit of 1.2930 and Stop Loss of 1.3050
Guión
Recomendación
BUY STOP

Punto de entrada
1.3050

Take Profit
1.3112

Stop Loss
1.3000

Niveles clave
1.3126, 1.3222, 1.3050, 1.3000, 1.2930, 1.2881, 1.2815
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.3000

Take Profit
1.2930

Stop Loss
1.3050