Technical analysis USDCAD for 30.06.2022
30.06.2022 18:33
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 descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.28425. The closest resistance is the level 1.29075
Key levels
- 1.30450, 1.29725, 1.29075, 1.28425, 1.27850, 1.27175
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.29075, with Take Profit of 1.29725 and Stop Loss of 1.28425
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.28425, with Take Profit of 1.27850 and Stop Loss of 1.29075
Scenario
Recommendation
BUY STOP
Entry Point
1.29075
Take Profit
1.29725
Stop Loss
1.28425
Key Levels
1.30450, 1.29725, 1.29075, 1.28425, 1.27850, 1.27175
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.28425
Take Profit
1.27850
Stop Loss
1.29075