Technical analysis EURCAD for 25.10.2024
25.10.2024 13:29
Intraday
Technical
The Tenkan-sen line approaches below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward 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 1.497. The closest resistance is the level 1.503
Key levels
1.489, 1.493, 1.497, 1.503, 1.509
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 1.497, with Take Profit of 1.509 and Stop Loss of 1.493
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 1.503, with Take Profit of 1.489 and Stop Loss of 1.509
Scenario
Recommendation
BUY LIMIT
Entry Point
1.497
Take Profit
1.509
Stop Loss
1.493
Key Levels
1.489, 1.493, 1.497, 1.503, 1.509
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
1.503
Take Profit
1.489
Stop Loss
1.509