Technical analysis USDCAD for 06.12.2023

06.12.2023 16:30
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 descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.35525. The closest resistance is the level 1.35725

Key levels

  • 1.36000, 1.35725, 1.35525, 1.35300, 1.35050

Trading scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.35525, with Take Profit of 1.35300 and Stop Loss of 1.35725

Alternative scenario

  • Recommended opening long positions (Buy Stop) from the level of 1.35725, with Take Profit of 1.36000 and Stop Loss of 1.35525

Guión
Recomendación
SELL STOP

Punto de entrada
1.35525

Take Profit
1.35300

Detener la pérdida de
1.35725

Niveles clave
1.36000, 1.35725, 1.35525, 1.35300, 1.35050
Escenario alternativo
Recomendación
BUY STOP

Punto de entrada
1.35725

Take Profit
1.36000

Detener la pérdida de
1.35525