Technical analysis USDCAD for 22.06.2022
22.06.2022 18:32
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.28950. The closest resistance is the level 1.29300
Key levels
- 1.30125, 1.29700, 1.29300, 1.28950, 1.28575
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.29300, with Take Profit of 1.29700 and Stop Loss of 1.28950
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.28950, with Take Profit of 1.28575 and Stop Loss of 1.29300
Scenario
Recommendation
BUY STOP
Entry Point
1.29300
Take Profit
1.29700
Stop Loss
1.28950
Key Levels
1.30125, 1.29700, 1.29300, 1.28950, 1.28575
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.28950
Take Profit
1.28575
Stop Loss
1.29300