Technical analysis USDCAD for 26.11.2021
The Tenkan-sen line crosses bottom upward the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line crosses bottom upward the Kijun-sen line. Both lines are directed upwards. 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 1.2745. The closest resistance is the level 1.2775
Key levels
- 1.2810, 1.2775, 1.2745, 1.2705,1.2665,1.2639, 1.2595
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.2745, with Take Profit of 1.2775 and Stop Loss of 1.2705
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 1.2705, with Take Profit of 1.2745 and Stop Loss of 1.2665
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.