Technical analysis USDCAD for 07.07.2022
07.07.2022 18:13
Intraday
Technical
The Tenkan-sen line is located above 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 ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.30060. The closest support is the level 1.29080
Key levels
- 1.31100, 1.30450, 1.30060, 1.29080, 1.28430, 1.27850
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.30060, with Take Profit of 1.30450 and Stop Loss of 1.29520
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.29080, with Take Profit of 1.28430 and Stop Loss of 1.29520
Scenario
Recommendation
BUY STOP
Entry Point
1.30060
Take Profit
1.30450
Stop Loss
1.29520
Key Levels
1.31100, 1.30450, 1.30060, 1.29080, 1.28430, 1.27850
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.29080
Take Profit
1.28430
Stop Loss
1.29520