Technical analysis GBPCAD for 11.10.2022
11.10.2022 08:58
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 is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.53360. The closest support is the level 1.52110
Key levels
- 1.54910, 1.54200, 1.53360, 1.52110, 1.51400, 1.50430
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.53360, with Take Profit of 1.54200 and Stop Loss of 1.52750
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.52110, with Take Profit of 1.51400 and Stop Loss of 1.52750
Scenario
Recommendation
BUY STOP
Entry Point
1.53360
Take Profit
1.54200
Stop Loss
1.52750
Key Levels
1.54910, 1.54200, 1.53360, 1.52110, 1.51400, 1.50430
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.52110
Take Profit
1.51400
Stop Loss
1.52750