Technical analysis CADJPY for 21.06.2022
21.06.2022 01:16
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 is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 103.850. The closest resistance is the level 104.525
Key levels
- 106.100, 105.300, 104.525, 103.850, 103.100, 102.000
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 104.525, with Take Profit of 105.300 and Stop Loss of 103.850
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 103.850, with Take Profit of 103.100 and Stop Loss of 104.525
Scenario
Recommendation
BUY STOP
Entry Point
104.525
Take Profit
105.300
Stop Loss
103.850
Key Levels
106.100, 105.300, 104.525, 103.850, 103.100, 102.000
Alternative scenario
Recommendation
SELL STOP
Entry Point
103.850
Take Profit
103.100
Stop Loss
104.525