Technical analysis USDCAD for 08.09.2022

08.09.2022 18:03
Intradía
Técnico

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.31915. The closest support is the level 1.30995

Key levels

  • 1.33035, 1.32475, 1.31915, 1.30995, 1.30440, 1.29745

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 1.31915, with Take Profit of 1.32475 and Stop Loss of 1.31450

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.30995, with Take Profit of 1.30440 and Stop Loss of 1.31450
Guión
Recomendación
BUY STOP

Punto de entrada
1.31915

Take Profit
1.32475

Stop Loss
1.31450

Niveles clave
1.33035, 1.32475, 1.31915, 1.30995, 1.30440, 1.29745
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.30995

Take Profit
1.30440

Stop Loss
1.31450