Technical analysis USDCAD for 05.09.2023
05.09.2023 16:53
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.36050. The closest resistance is the level 1.36575
Key levels
- 1.36875, 1.36575, 1.36050, 1.35825, 1.35425
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.36050, with Take Profit of 1.36575 and Stop Loss of 1.35825
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.35825, with Take Profit of 1.35425 and Stop Loss of 1.36050
Scenario
Recommendation
BUY LIMIT
Entry Point
1.36050
Take Profit
1.36575
Stop Loss
1.35825
Key Levels
1.36875, 1.36575, 1.36050, 1.35825, 1.35425
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.35825
Take Profit
1.35425
Stop Loss
1.36050