Technical analysis USDCAD for 23.04.2024
23.04.2024 18:38
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1.36500. The closest resistance is the level 1.36900
Key levels
- 1.37350, 1.36900, 1.36500, 1.36100, 1.35600
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1.36500, with Take Profit of 1.36100 and Stop Loss of 1.36900
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1.36900, with Take Profit of 1.37350 and Stop Loss of 1.36500
Scenario
Recommendation
SELL STOP
Entry Point
1.36500
Take Profit
1.36100
Stop Loss
1.36900
Key Levels
1.37350, 1.36900, 1.36500, 1.36100, 1.35600
Alternative scenario
Recommendation
BUY STOP
Entry Point
1.36900
Take Profit
1.37350
Stop Loss
1.36500