Technical analysis USDCAD for 29.08.2022

29.08.2022 18:14
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 ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.30075. The closest resistance is the level 1.30575

Key levels

  • 1.31100, 1.30575, 1.30075, 1.29725, 1.29200

Trading scenario

  • Recommended opening long positions (Buy Limit) from the level of 1.30075, with Take Profit of 1.30575 and Stop Loss of 1.29725

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.29725, with Take Profit of 1.29200 and Stop Loss of 1.30075
Guión
Recomendación
BUY LIMIT

Punto de entrada
1.30075

Take Profit
1.30575

Stop Loss
1.29725

Niveles clave
1.31100, 1.30575, 1.30075, 1.29725, 1.29200
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.29725

Take Profit
1.29200

Stop Loss
1.30075