Technical analysis USDCAD for 07.08.2023
07.08.2023 17:35
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. 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 support is the level 1.33575. The closest resistance is the level 1.33975
Key levels
- 1.34200, 1.33975, 1.33575, 1.33375, 1.33125
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.33575, with Take Profit of 1.33975 and Stop Loss of 1.33375
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.33375, with Take Profit of 1.33125 and Stop Loss of 1.33575
Scenario
Recommendation
BUY LIMIT
Entry Point
1.33575
Take Profit
1.33975
Stop Loss
1.33375
Key Levels
1.34200, 1.33975, 1.33575, 1.33375, 1.33125
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.33375
Take Profit
1.33125
Stop Loss
1.33575