Technical analysis GBPCAD for 07.06.2022

07.06.2022 09:09
Intradía
Técnico

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 resistance is the level 1.57600. The closest support is the level 1.56390

Key levels

  • 1.58700, 1.58140, 1.57600, 1.56390, 1.55850, 1.55130

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 1.57600, with Take Profit of 1.58140 and Stop Loss of 1.57000

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.56390, with Take Profit of 1.55850 and Stop Loss of 1.57000
Guión
Recomendación
BUY STOP

Punto de entrada
1.57600

Take Profit
1.58140

Stop Loss
1.57000

Niveles clave
1.58700, 1.58140, 1.57600, 1.56390, 1.55850, 1.55130
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.56390

Take Profit
1.55850

Stop Loss
1.57000