Technical analysis USDCAD for 16.02.2022
16.02.2022 16:47
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.26425. The closest resistance is the level 1.27000
Key levels
- 1.28275, 1.27825, 1.27450, 1.27000, 1.26425, 1.25800, 1.25200, 1.24600
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 1.26425 and Stop Loss of 1.27000
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.27000, with Take Profit of 1.27450 and Stop Loss of 1.26650
Scenario
Recommendation
SELL
Entry Point
Take Profit
1.26425
Stop Loss
1.27000
Key Levels
1.28275, 1.27825, 1.27450, 1.27000, 1.26425, 1.25800, 1.25200, 1.24600
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.27000
Take Profit
1.27450
Stop Loss
1.26650