Technical analysis EURCAD for 24.06.2022
The Tenkan-sen line is located below 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 1.36725. The closest resistance is the level 1.37200
Key levels
- 1.37725, 1.37200, 1.36725, 1.36325, 1.35800
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.36725, with Take Profit of 1.37200 and Stop Loss of 1.36325
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.36325, with Take Profit of 1.35800 and Stop Loss of 1.36725