Technical analysis USDCAD for 19.10.2022
19.10.2022 18:01
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 adjusted to the upper border of the cloud. The closest support is the level 1.3725. The closest resistance is the level 1.3800
Key levels
- 1.3965, 1.3870, 1.3800, 1.3725, 1.3630, 1.3500
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1.3800, with Take Profit of 1.3965 and Stop Loss of 1.3725
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.3725, with Take Profit of 1.3630 and Stop Loss of 1.3800
Scenario
Recommendation
BUY STOP
Entry Point
1.3800
Take Profit
1.3965
Stop Loss
1.3725
Key Levels
1.3965, 1.3870, 1.3800, 1.3725, 1.3630, 1.3500
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.3725
Take Profit
1.3630
Stop Loss
1.3800