Technical analysis EURCAD for 09.12.2021
The Tenkan-sen line is located below 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 resistance is the level 1.43625. The closest support is the level 1.43250
Key levels
- 1.45500, 1.44875, 1.44100, 1.43625, 1.43250, 1.42850, 1.42400, 1.41690
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.43250, with Take Profit of 1.43625 and Stop Loss of 1.42850
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.42400, with Take Profit of 1.41690 and Stop Loss of 1.42850