Technical analysis USDCAD for 04.10.2023

04.10.2023 17:18
Intradía
Técnico

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 support is the level 1.37625. The closest resistance is the level 1.37950

Key levels

  • 1.38150, 1.37950, 1.37625, 1.37400, 1.37175

Trading scenario

  • Recommended opening long positions (Buy Limit) from the level of 1.37625, with Take Profit of 1.37950 and Stop Loss of 1.37400

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.37400, with Take Profit of 1.37175 and Stop Loss of 1.37625

Guión
Recomendación
BUY LIMIT

Punto de entrada
1.37625

Take Profit
1.37950

Stop Loss
1.37400

Niveles clave
1.38150, 1.37950, 1.37625, 1.37400, 1.37175
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.37400

Take Profit
1.37175

Stop Loss
1.37625