Technical analysis USDCAD for 04.10.2022

04.10.2022 18:31
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 ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.36340. The closest support is the level 1.35140

Key levels

  • 1.37910, 1.37190, 1.36340, 1.35140, 1.34660, 1.33990

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 1.36340, with Take Profit of 1.37190 and Stop Loss of 1.35650

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.35140, with Take Profit of 1.34660 and Stop Loss of 1.35650
Guión
Recomendación
BUY STOP

Punto de entrada
1.36340

Take Profit
1.37190

Stop Loss
1.35650

Niveles clave
1.37910, 1.37190, 1.36340, 1.35140, 1.34660, 1.33990
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.35140

Take Profit
1.34660

Stop Loss
1.35650