Technical analysis USDCAD for 27.09.2022
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 trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.37250. The closest resistance is the level 1.38500
Key levels
- 1.39950, 1.38500, 1.37250, 1.35825, 1.34200
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.38500, with Take Profit of 1.39950 and Stop Loss of 1.37250
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.37250, with Take Profit of 1.35825 and Stop Loss of 1.38500
Scenario
Recommendation
BUY STOP
Entry Point
1.38500
Take Profit
1.39950
Stop Loss
1.37250
Key Levels
1.39950, 1.38500, 1.37250, 1.35825, 1.34200
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.37250
Take Profit
1.35825
Stop Loss
1.38500
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.