Technical analysis USDCAD for 18.01.2022
18.01.2022 16:01
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.25000. The closest resistance is the level 1.25850
Key levels
- 1.29550, 1.28900, 1.28380, 1.27300, 1.26450, 1.25850, 1.25000, 1.24300
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.25000, with Take Profit of 1.24300 and Stop Loss of 1.25600
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.25850, with Take Profit of 1.26450 and Stop Loss of 1.25350
Scenario
Recommendation
SELL STOP
Entry Point
1.25000
Take Profit
1.24300
Stop Loss
1.25600
Key Levels
1.29550, 1.28900, 1.28380, 1.27300, 1.26450, 1.25850, 1.25000, 1.24300
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.25850
Take Profit
1.26450
Stop Loss
1.25350