Technical analysis USDCAD for 17.01.2024

17.01.2024 16:38
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 ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.35175. The closest resistance is the level 1.35700

Key levels

  • 1.36075, 1.35700, 1.35175, 1.34875, 1.34400

Trading scenario

  • Recommended opening long positions (Buy Limit) from the level of 1.35175, with Take Profit of 1.35700 and Stop Loss of 1.34875

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.34875, with Take Profit of 1.34400 and Stop Loss of 1.35175

Guión
Recomendación
BUY LIMIT

Punto de entrada
1.35175

Take Profit
1.35700

Stop Loss
1.34875

Niveles clave
1.36075, 1.35700, 1.35175, 1.34875, 1.34400
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.34875

Take Profit
1.34400

Stop Loss
1.35175