Technical analysis USDCAD for 01.12.2023

01.12.2023 15:57
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 support is the level 1.35150. The closest resistance is the level 1.35425

Key levels

  • 1.35775, 1.35575, 1.35425, 1.35150, 1.34950

Trading scenario

  • Recommended opening short positions (Sell Limit) from the level of 1.35425, with Take Profit of 1.35150 and Stop Loss of 1.35575

Alternative scenario

  • Recommended opening long positions (Buy Stop) from the level of 1.35575, with Take Profit of 1.35775 and Stop Loss of 1.35425

Guión
Recomendación
SELL LIMIT

Punto de entrada
1.35425

Take Profit
1.35150

Stop Loss
1.35575

Niveles clave
1.35775, 1.35575, 1.35425, 1.35150, 1.34950
Escenario alternativo
Recomendación
BUY STOP

Punto de entrada
1.35575

Take Profit
1.35775

Stop Loss
1.35425