Technical analysis USDCAD for 21.09.2023
21.09.2023 16:05
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 crossed and fixed above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1.34850. The closest resistance is the level 1.35275
Key levels
- 1.35675, 1.35275, 1.34850, 1.34575, 1.34150
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1.34850, with Take Profit of 1.35275 and Stop Loss of 1.34575
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1.34575, with Take Profit of 1.34150 and Stop Loss of 1.34850
Scenario
Recommendation
BUY LIMIT
Entry Point
1.34850
Take Profit
1.35275
Stop Loss
1.34575
Key Levels
1.35675, 1.35275, 1.34850, 1.34575, 1.34150
Alternative scenario
Recommendation
SELL STOP
Entry Point
1.34575
Take Profit
1.34150
Stop Loss
1.34850