Technical analysis CADJPY for 19.10.2022
19.10.2022 09:03
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Blue is directed upwards, while red 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 108.830. The closest support is the level 108.080
Key levels
- 109.970, 109.400, 108.830, 108.080, 107.560, 106.990
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 108.830, with Take Profit of 109.400 and Stop Loss of 108.450
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 108.080, with Take Profit of 107.560 and Stop Loss of 108.450
Scenario
Recommendation
BUY STOP
Entry Point
108.830
Take Profit
109.400
Stop Loss
108.450
Key Levels
109.970, 109.400, 108.830, 108.080, 107.560, 106.990
Alternative scenario
Recommendation
SELL STOP
Entry Point
108.080
Take Profit
107.560
Stop Loss
108.450