Technical analysis USDCAD for 26.07.2023

26.07.2023 17:05
Intradía
Técnico

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. 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 resistance is the level 1.32540. The closest support is the level 1.31710

Key levels

  • 1.33730, 1.33000, 1.32540, 1.31710, 1.31150, 1.30500

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 1.32540, with Take Profit of 1.33000 and Stop Loss of 1.32100

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.31710, with Take Profit of 1.31150 and Stop Loss of 1.32100

Guión
Recomendación
BUY STOP

Punto de entrada
1.32540

Take Profit
1.33000

Stop Loss
1.32100

Niveles clave
1.33730, 1.33000, 1.32540, 1.31710, 1.31150, 1.30500
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.31710

Take Profit
1.31150

Stop Loss
1.32100