Technical analysis USDCAD for 25.09.2024
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines
Key levels
- 1.31724, 1.32887, 1.34180, 1.36220, 1.39339
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.32887, with Take Profit of 1.36220 and Stop Loss of 1.31724
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 1.36220, with Take Profit of 1.31724 and Stop Loss of 1.31724
Scenario
Recommendation
BUY LIMIT
Entry Point
1.32887
Take Profit
1.36220
Stop Loss
1.31724
Key Levels
1.31724, 1.32887, 1.34180, 1.36220, 1.39339
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
1.36220
Take Profit
1.31724
Stop Loss
1.31724
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.