Technical analysis USDCAD for 12.10.2023

12.10.2023 16:43
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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.36025. The closest resistance is the level 1.36294

Key levels

  • 1.36600, 1.36294, 1.36025, 1.35725, 1.35500

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 1.36294, with Take Profit of 1.36600 and Stop Loss of 1.36025

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.36025, with Take Profit of 1.35725 and Stop Loss of 1.36294

Guión
Recomendación
BUY STOP

Punto de entrada
1.36294

Take Profit
1.36600

Stop Loss
1.36025

Niveles clave
1.36600, 1.36294, 1.36025, 1.35725, 1.35500
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.36025

Take Profit
1.35725

Stop Loss
1.36294