Technical analysis USDCAD for 05.09.2023

05.09.2023 16:53
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 ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.36050. The closest resistance is the level 1.36575

Key levels

  • 1.36875, 1.36575, 1.36050, 1.35825, 1.35425

Trading scenario

  • Recommended opening long positions (Buy Limit) from the level of 1.36050, with Take Profit of 1.36575 and Stop Loss of 1.35825

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.35825, with Take Profit of 1.35425 and Stop Loss of 1.36050

Guión
Recomendación
BUY LIMIT

Punto de entrada
1.36050

Take Profit
1.36575

Stop Loss
1.35825

Niveles clave
1.36875, 1.36575, 1.36050, 1.35825, 1.35425
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.35825

Take Profit
1.35425

Stop Loss
1.36050