Technical analysis USDCAD for 17.10.2022

17.10.2022 18:03
Intradía
Técnico

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains 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 1.38490. The closest support is the level 1.36810

Key levels

  • 1.39440, 1.38950, 1.38490, 1.36810, 1.36340, 1.35700

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 1.38490, with Take Profit of 1.38950 and Stop Loss of 1.37700

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.36810, with Take Profit of 1.36340 and Stop Loss of 1.37700
Guión
Recomendación
BUY STOP

Punto de entrada
1.38490

Take Profit
1.38950

Stop Loss
1.37700

Niveles clave
1.39440, 1.38950, 1.38490, 1.36810, 1.36340, 1.35700
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.36810

Take Profit
1.36340

Stop Loss
1.37700