Technical analysis GBPCAD for 19.09.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below 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 1.5130. The closest resistance is the level 1.5163
Key levels
- 1.5300, 1.5235, 1.5195, 1.5163, 1.5130, 1.5090, 1.5025
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.5130, with Take Profit of 1.5090 and Stop Loss of 1.5163
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.5163, with Take Profit of 1.5235 and Stop Loss of 1.5130
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.