Technical analysis USDCAD for 18.09.2023

18.09.2023 15:45
Intradía
Técnico

The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. 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 support is the level 1.34875. The closest resistance is the level 1.35275

Key levels

  • 1.36100, 1.35725, 1.35275, 1.34875, 1.34425

Trading scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.34875, with Take Profit of 1.34425 and Stop Loss of 1.35275

Alternative scenario

  • Recommended opening long positions (Buy Stop) from the level of 1.35275, with Take Profit of 1.35725 and Stop Loss of 1.34875

Guión
Recomendación
SELL STOP

Punto de entrada
1.34875

Take Profit
1.34425

Stop Loss
1.35275

Niveles clave
1.36100, 1.35725, 1.35275, 1.34875, 1.34425
Escenario alternativo
Recomendación
BUY STOP

Punto de entrada
1.35275

Take Profit
1.35725

Stop Loss
1.34875