Technical analysis CADCHF for 13.01.2022

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