Technical analysis USDCAD for 12.07.2023
12.07.2023 17:55
Intradía
Técnico
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.30925. The closest resistance is the level 1.31650
Key levels
- 1.32525, 1.32075, 1.31650, 1.30925, 1.30275
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.31650, with Take Profit of 1.30925 and Stop Loss of 1.32075
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.32075, with Take Profit of 1.32525 and Stop Loss of 1.31650
Guión
Recomendación
SELL LIMIT
Punto de entrada
1.31650
Take Profit
1.30925
Stop Loss
1.32075
Niveles clave
1.32525, 1.32075, 1.31650, 1.30925, 1.30275
Escenario alternativo
Recomendación
BUY STOP
Punto de entrada
1.32075
Take Profit
1.32525
Stop Loss
1.31650