Technical analysis USDCAD for 06.12.2021
06.12.2021 11:24
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. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.2730. The closest resistance is the level 1.2838
Key levels
- 1.2955, 1.2890, 1.2838, 1.2730, 1.2645, 1.2585, 1.2500, 1.2430, 1.2300
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.2838, with Take Profit of 1.2955 and Stop Loss of 1.2730
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 1.2730, with Take Profit of 1.2890 and Stop Loss of 1.2645
Scenario
Recommendation
BUY STOP
Entry Point
1.2838
Take Profit
1.2955
Stop Loss
1.2730
Key Levels
1.2955, 1.2890, 1.2838, 1.2730, 1.2645, 1.2585, 1.2500, 1.2430, 1.2300
Alternative scenario
Recommendation
BUY LIMIT
Entry Point
1.2730
Take Profit
1.2890
Stop Loss
1.2645