Technical analysis AUDCAD for 16.08.2023
16.08.2023 01:08
Intradía
Técnico
The Tenkan-sen line is located below 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 trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 0.88000. The closest support is the level 0.86100
Key levels
- 0.89990, 0.89020, 0.88000, 0.86100, 0.84980
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.88000, with Take Profit of 0.89020 and Stop Loss of 0.87130
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.86100, with Take Profit of 0.84980 and Stop Loss of 0.87130
Guión
Recomendación
BUY STOP
Punto de entrada
0.88000
Take Profit
0.89020
Stop Loss
0.87130
Niveles clave
0.89990, 0.89020, 0.88000, 0.86100, 0.84980
Escenario alternativo
Recomendación
SELL STOP
Punto de entrada
0.86100
Take Profit
0.84980
Stop Loss
0.87130