Technical analysis USDCAD for 01.06.2022
01.06.2022 17:56
Intraday
Technical
The Tenkan-sen line is located below 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 1.26325. The closest resistance is the level 1.26780
Key levels
- 1.28175, 1.27675, 1.27250, 1.26780, 1.26325, 1.25850, 1.25300
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.26325, with Take Profit of 1.25850 and Stop Loss of 1.26780
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.26780, with Take Profit of 1.27250 and Stop Loss of 1.26325
Scenario
Recommendation
SELL STOP
Entry Point
1.26325
Take Profit
1.25850
Stop Loss
1.26780
Key Levels
1.28175, 1.27675, 1.27250, 1.26780, 1.26325, 1.25850, 1.25300
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.26780
Take Profit
1.27250
Stop Loss
1.26325