Technical analysis AUDCAD for 11.07.2022
11.07.2022 01:56
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 0.88870. The closest support is the level 0.88430
Key levels
- 0.89750, 0.89320, 0.88870, 0.88430, 0.87850, 0.87470
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 0.88870, with Take Profit of 0.89320 and Stop Loss of 0.88650
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 0.88430, with Take Profit of 0.87850 and Stop Loss of 0.88650
Scenario
Recommendation
BUY STOP
Entry Point
0.88870
Take Profit
0.89320
Stop Loss
0.88650
Key Levels
0.89750, 0.89320, 0.88870, 0.88430, 0.87850, 0.87470
Alternative scenario
Recommendation
SELL STOP
Entry Point
0.88430
Take Profit
0.87850
Stop Loss
0.88650