Technical analysis GBPCAD for 12.09.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument adjusted to the Kijun-sen line. The closest resistance is the level 1.51810. The closest support is the level 1.50580
Key levels
- 1.53000, 1.52410, 1.51810, 1.50580, 1.49800, 1.49030
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.51810, with Take Profit of 1.52410 and Stop Loss of 1.51250
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.50580, with Take Profit of 1.49800 and Stop Loss of 1.51250
Scenario
Recommendation
BUY STOP
Entry Point
1.51810
Take Profit
1.52410
Stop Loss
1.51250
Key Levels
1.53000, 1.52410, 1.51810, 1.50580, 1.49800, 1.49030
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.50580
Take Profit
1.49800
Stop Loss
1.51250
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.