Technical analysis USDCAD for 10.08.2022

10.08.2022 18:27
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 1.28080. The closest support is the level 1.27280

Key levels

  • 1.29100, 1.28675, 1.28080, 1.27280, 1.26800, 1.26390

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 1.28080, with Take Profit of 1.28675 and Stop Loss of 1.27650

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.27280, with Take Profit of 1.26800 and Stop Loss of 1.27650
Guión
Recomendación
BUY STOP

Punto de entrada
1.28080

Take Profit
1.28675

Stop Loss
1.27650

Niveles clave
1.29100, 1.28675, 1.28080, 1.27280, 1.26800, 1.26390
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.27280

Take Profit
1.26800

Stop Loss
1.27650