Technical analysis CADCHF for 13.01.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 0.72825. The closest resistance is the level 0.73250
Key levels
- 0.73575, 0.73250, 0.72825, 0.72460, 0.72179, 0.71787, 0.71434, 0.71074
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.73250, with Take Profit of 0.73575 and Stop Loss of 0.73100
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.72825, with Take Profit of 0.72460 and Stop Loss of 0.73110
Scenario
Recommendation
BUY STOP
Entry Point
0.73250
Take Profit
0.73575
Stop Loss
0.73100
Key Levels
0.73575, 0.73250, 0.72825, 0.72460, 0.72179, 0.71787, 0.71434, 0.71074
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.72825
Take Profit
0.72460
Stop Loss
0.73110
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.