Technical analysis USDCAD for 30.09.2024
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1.34900. The closest resistance is the level 1.35300
Key levels
- 1.35500, 1.35300, 1.34900, 1.34800, 1.34600
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.34900, with Take Profit of 1.35300 and Stop Loss of 1.34800
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.34800, with Take Profit of 1.34600 and Stop Loss of 1.34900
Scenario
Recommendation
BUY LIMIT
Entry Point
1.34900
Take Profit
1.35300
Stop Loss
1.34800
Key Levels
1.35500, 1.35300, 1.34900, 1.34800, 1.34600
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.34800
Take Profit
1.34600
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.