Technical analysis GBPCAD for 14.10.2022
14.10.2022 09:02
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1.56150. The closest support is the level 1.54910
Key levels
- 1.58100, 1.57220, 1.56150, 1.54910, 1.54200, 1.53360
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.56150, with Take Profit of 1.57220 and Stop Loss of 1.55750
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.54910, with Take Profit of 1.54200 and Stop Loss of 1.55750
Scenario
Recommendation
BUY STOP
Entry Point
1.56150
Take Profit
1.57220
Stop Loss
1.55750
Key Levels
1.58100, 1.57220, 1.56150, 1.54910, 1.54200, 1.53360
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.54910
Take Profit
1.54200
Stop Loss
1.55750