Technical analysis USDCAD for 16.09.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below 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 trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.33035. The closest support is the level 1.32475
Key levels
- 1.34120, 1.33570, 1.33035, 1.32475, 1.31915, 1.31275
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.33035, with Take Profit of 1.33570 and Stop Loss of 1.32750
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.32475, with Take Profit of 1.31915 and Stop Loss of 1.32750
Scenario
Recommendation
BUY STOP
Entry Point
1.33035
Take Profit
1.33570
Stop Loss
1.32750
Key Levels
1.34120, 1.33570, 1.33035, 1.32475, 1.31915, 1.31275
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.32475
Take Profit
1.31915
Stop Loss
1.32750
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.