Technical analysis USDCAD for 05.05.2022
05.05.2022 18:00
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ready to roll over from ascending to descending. Instrument adjusted to the Kijun-sen line. The closest resistance is the level 1.28560. The closest support is the level 1.27830
Key levels
- 1.29460, 1.29050, 1.28560, 1.27830, 1.27330, 1.26670
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.28560, with Take Profit of 1.29050 and Stop Loss of 1.28200
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.27830, with Take Profit of 1.27330 and Stop Loss of 1.28200
Scenario
Recommendation
BUY STOP
Entry Point
1.28560
Take Profit
1.29050
Stop Loss
1.28200
Key Levels
1.29460, 1.29050, 1.28560, 1.27830, 1.27330, 1.26670
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.27830
Take Profit
1.27330
Stop Loss
1.28200