Technical analysis USDCAD for 18.07.2022
18.07.2022 17:17
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.29100. The closest resistance is the level 1.29475
Key levels
- 1.30350, 1.29925, 1.29475, 1.29100, 1.28675
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.29100, with Take Profit of 1.28675 and Stop Loss of 1.29475
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.29475, with Take Profit of 1.29925 and Stop Loss of 1.29100
Scenario
Recommendation
SELL STOP
Entry Point
1.29100
Take Profit
1.28675
Stop Loss
1.29475
Key Levels
1.30350, 1.29925, 1.29475, 1.29100, 1.28675
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.29475
Take Profit
1.29925
Stop Loss
1.29100