Technical analysis CADJPY for 23.03.2022
23.03.2022 16:50
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 95.450. The closest resistance is the level 96.450
Key levels
- 97.325, 96.450, 95.450, 94.550, 93.725, 92.550, 91.700
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 95.450, with Take Profit of 96.450 and Stop Loss of 94.550
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 94.550, with Take Profit of 93.725 and Stop Loss of 95.100
Scenario
Recommendation
BUY LIMIT
Entry Point
95.450
Take Profit
96.450
Stop Loss
94.550
Key Levels
97.325, 96.450, 95.450, 94.550, 93.725, 92.550, 91.700
Alternative scenario
Recommendation
SELL STOP
Entry Point
94.550
Take Profit
93.725
Stop Loss
95.100