Technical analysis USDCAD for 06.10.2022
06.10.2022 18:03
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument has broken through the upper border of the cloud and continued to grow. The closest support is the level 1.3705. The closest resistance is the level 1.3765
Key levels
- 1.3835, 1.3765, 1.3705, 1.3665, 1.3625, 1.3580,1.3500
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 1.3765 and Stop Loss of 1.3665
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.3665, with Take Profit of 1.3580 and Stop Loss of 1.3705
Scenario
Recommendation
BUY
Entry Point
Take Profit
1.3765
Stop Loss
1.3665
Key Levels
1.3835, 1.3765, 1.3705, 1.3665, 1.3625, 1.3580,1.3500
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.3665
Take Profit
1.3580
Stop Loss
1.3705