Technical analysis USDCAD for 22.01.2024

22.01.2024 17:27
Intradía
Técnico

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.34125. The closest resistance is the level 1.34800

Key levels

  • 1.35200, 1.34800, 1.34125, 1.33800, 1.33400

Trading scenario

  • Recommended opening long positions (Buy Limit) from the level of 1.34125, with Take Profit of 1.34800 and Stop Loss of 1.33800

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 1.33800, with Take Profit of 1.33400 and Stop Loss of 1.34125

Guión
Recomendación
BUY LIMIT

Punto de entrada
1.34125

Take Profit
1.34800

Stop Loss
1.33800

Niveles clave
1.35200, 1.34800, 1.34125, 1.33800, 1.33400
Escenario alternativo
Recomendación
SELL STOP

Punto de entrada
1.33800

Take Profit
1.33400

Stop Loss
1.34125