Technical analysis USDCAD for 20.09.2022

20.09.2022 18:04
Técnico

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 1.3285. The closest resistance is the level 1.3370

Key levels

  • 1.3555, 1.3470, 1.3370, 1.3285, 1.3185

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 1.3370, with Take Profit of 1.3470 and Stop Loss of 1.3285

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.3285, with Take Profit of 1.3185 and Stop Loss of 1.3370
Guión
Recomendación
BUY STOP

Punto de entrada
1.3370

Take Profit
1.3470

Stop Loss
1.3285

Niveles clave
1.3555, 1.3470, 1.3370, 1.3285, 1.3185
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.3285

Take Profit
1.3185

Stop Loss
1.3370