Technical analysis CADJPY for 15.04.2022
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 99.250. The closest resistance is the level 100.325
Key levels
- 102.425, 101.400, 100.325, 99.250, 98.200, 97.100
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 100.325, with Take Profit of 101.400 and Stop Loss of 99.250
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 99.250, with Take Profit of 98.200 and Stop Loss of 99.595