Technical analysis USDCAD for 24.07.2023

24.07.2023 17:20
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 descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.33000. The closest support is the level 1.30990

Key levels

  • 1.35760, 1.34350, 1.33000, 1.30990, 1.29860

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 1.33000, with Take Profit of 1.34350 and Stop Loss of 1.31990

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.30990, with Take Profit of 1.29860 and Stop Loss of 1.31990

Guión
Recomendación
BUY STOP

Punto de entrada
1.33000

Take Profit
1.34350

Stop Loss
1.31990

Niveles clave
1.35760, 1.34350, 1.33000, 1.30990, 1.29860
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.30990

Take Profit
1.29860

Stop Loss
1.31990