Technical analysis USDCAD for 19.12.2022
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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.35400. The closest resistance is the level 1.36325
Key levels
- 1.38250, 1.37025, 1.36325, 1.35400, 1.34575
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1.36325, with Take Profit of 1.35400 and Stop Loss of 1.37025
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.37025, with Take Profit of 1.38250 and Stop Loss of 1.36325
Scenario
Recommendation
SELL LIMIT
Entry Point
1.36325
Take Profit
1.35400
Stop Loss
1.37025
Key Levels
1.38250, 1.37025, 1.36325, 1.35400, 1.34575
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.37025
Take Profit
1.38250
Stop Loss
1.36325
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.