Technical analysis USDCAD for 15.02.2024
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 1.34900. The closest resistance is the level 1.35450
Key levels
- 1.35800, 1.35450, 1.34900, 1.34625, 1.34225
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.34900, with Take Profit of 1.35450 and Stop Loss of 1.34625
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.34625, with Take Profit of 1.34225 and Stop Loss of 1.34900
Scenario
Recommendation
BUY LIMIT
Entry Point
1.34900
Take Profit
1.35450
Stop Loss
1.34625
Key Levels
1.35800, 1.35450, 1.34900, 1.34625, 1.34225
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.34625
Take Profit
1.34225
Stop Loss
1.34900
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.