Technical analysis USDCAD for 23.02.2024
23.02.2024 15:46
Técnico
Tenkan-sen and Kijun-sen lines are merged. Both lines are directed downward. Confirmatory line Chikou Span crosses from top to bottom 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 1.34525. The closest resistance is the level 1.34850
Key levels
- 1.35250, 1.34850, 1.34525, 1,34125, 1.33775
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.34525, with Take Profit of 1,34125 and Stop Loss of 1.34850
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.34850, with Take Profit of 1.35250 and Stop Loss of 1.34525
Guión
Recomendación
SELL STOP
Punto de entrada
1.34525
Take Profit
1,34125
Stop Loss
1.34850
Niveles clave
1.35250, 1.34850, 1.34525, 1,34125, 1.33775
Escenario alternativo
Recomendación
BUY STOP
Punto de entrada
1.34850
Take Profit
1.35250
Stop Loss
1.34525